SA gold shares fall

Comment on this story
GoldBar111 Reuters. .

Johannesburg - Shares of South African bullion producers slide as the precious metal's spot price falls to lowest in nearly three months as a strong dollar and an optimistic view of the US economy takes shine off gold's safe-haven status.

Among the country's top four producers, Sibanye Gold is the biggest decliner, shedding 4 percent to 23.89 rand.

Rivals Harmony Gold and Gold Fields are both around 3 percent lower while Africa's top bullion producer, AngloGold Ashanti, is down 2.9 percent to 168.50 rand.

Johannesburg's Gold Mining Index is 3 percent lower at 1,445.5, its lowest level since June 30 outpacing a 0.4 percent decline in the All-share index. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.