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Gold futures in India, the world's second-biggest bullion consumer after China, hit their highest level since March 1, at 32,834 rupees per 10 grams, earlier this week.

With construction of nuclear power plants at a 10-year low, uranium demand remains weak.

The international group says sales of polished diamonds below 0.50 carats are slow due to excess supply, weak Chinese demand and tight Indian liquidity.

Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country's natural resources sector on Wednesday, but said major reform would not take effect for years.

Australia's Lynas is waiting to get an operating licence for its Malaysian processing plant renewed before it expires in September.

The Porgera mining lease is set to expire on August 16, 2019.

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States.

Central banks around the globe have been on a gold buying spree this year, with Russia and China, leading the pack.

James Marape, a former finance minister who became leader after winning a vote in parliament, put some of the world's biggest resources companies on notice over a perceived lack of wealth flowing from their projects back to communities.