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Oyu Tolgoi is jointly owned by the government of Mongolia (34 percent) and Turquoise Hill Resources (66 percent), which in turn is 51 percent-owned by mine operator Rio Tinto.

Industry insiders say there is a logic in Mongolia selling down its relatively large state holding, while Rio's stake is relatively small given that it is operator.

Asked whether Mongolia might sell some of its stake, the mining minister said there were no plans for any change for now.

"Our ministry has to find out all possible options that are good for Mongolia and within that framework we are researching all possibilities. But currently, there is no such plan, but it is something that we can watch," Mongolia mining and industry minister Dashdorj Tsedev told Reuters on the sidelines of a conference in Toronto.

Rio Tinto declined to comment.

Geologists and mining executives see Mongolia as one of the world's best copper prospects and some are hoping to find another Oyu Tolgoi.

Also this week, the mining and industry minister said Mongolia aimed to double the amount of land available for exploration and the country hoped to build a copper smelting plant.

(Reporting by Susan Taylor in Toronto and Barbara Lewis in London, editing by David Evans)

Gold for delivery in April, the most active contract on the Comex market in New York with nearly 23m ounces traded, slumped to a low of $1,199.o0, a more than five week low. Year-to-date the metal's gains have been trimmed to just over 4%.

While tighter monetary policy is not bullish, inflation and a range of uncertainties, including European elections and protectionism should support the yellow metal
Because gold is not yield-producing and investors have to rely on price appreciation for returns, the metal has a strong inverse correlation to US government bond yields.

The metal also usually moves in the opposite direction of the US dollar thanks in part to the growing effect of physically-backed gold ETFs traded in the US.

The current weakness may be temporary according to a Bank of America Merrill Lynch research note released Thursday quoted by CNBC:
However, if hourly earnings are much higher than expected and the rest of the report is also strong investors may start to worry that the Fed is behind the curve

"While tighter monetary policy is not bullish, inflation and a range of uncertainties, including European elections and protectionism should support the yellow metal. As such, we see prices at $1,400 (per troy ounce) by year-end".
Bloomberg points out that it's the worst run for gold since October and quotes Brad Yates, head of trading for Elemetal, one of the biggest US gold refiners as saying there could be more pain ahead:

“If the data continues to be as good as it was, or improves, we could see the Fed move toward further hawkishness."
ABN Amro in a research note says strong US payroll numbers on Friday could turn out to be bullish for gold:

If hourly earnings come in around expectations and the rest of the US employment report is strong, the US dollar will probably profit. However, if hourly earnings are much higher than expected and the rest of the report is also strong investors may start to worry that the Fed is behind the curve. It is likely that this will weigh on the dollar and support gold prices.

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What is AirBnB?
The accommodation site lets people rent out their properties, often at prices undercutting hotels and traditional Bed and Breakfasts.
It was started by university friends Brian Chesky and Joe Gebbia in 2008 to help pay the rent on their San Francisco flat.
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