Johannesburg - Shares of South African gold producers skid as spot price drops towards 8-1/2 month lows around $1,208 (R13,554) an ounce in the face of a rising US dollar.
Harmony Gold sheds over 3 percent to 25.35 rand, making it the fifth-biggest decliner on the All-share index, which is 0.50 percent higher.
Bigger rival Gold Fields is down 2 percent and Africa's top producer AngloGold Ashanti is 1.6 percent lower.
If the precious metal's spot price falls below $1,200 an ounce the industry could reach a tipping point that would force producers to cut output or shut mines, analysts say. - Reuters