Gold 'has no appeal' as prices sink to 5-year low

2015-07-26 16:00

Gold has no appeal as a commodity or alternative to currencies, says Macquarie Group, renewing the sell-off that’s driven prices to a five-year low.

Funds' ardour for gold cools after volatility

2015-07-22 12:15

Gold no longer has the allure it once had for funds, as a failure to perform when its price was expected to rise and recent volatility, such as its price plunge.

Gold-mining index drops to lowest in 14 years

2015-07-20 13:00

The index of gold-mining stocks has fallen to the lowest since April 2001 after the precious metal slid to a five-year low.

CEO of Harmony Gold to retire, shares tumble

2015-07-16 15:46

The news that Graham Briggs will retire as chief executive and board member of Harmony Gold after seven years at the helm, has sent its shares tumbling.

Net reserves tick up slightly in June

2015-07-07 08:57

Net gold and foreign exchange reserves have edged up to $41.59bn in June from $41.519bn in May, data from the South African Reserve Bank shows.

Gold climbs as Greece fears knock stocks, euro

2015-06-29 12:37

Gold has risen as growing fears over the prospect of a Greek debt default battered European shares and weighed on the euro, but it failed to maintain early sharp gains.

Gold up on safe-haven bids from Greek crisis

2015-06-15 10:38

Gold has risen on safe-haven bids after Greece and its creditors failed to strike a deal to avert a debt default, but a stronger dollar kept gains in check.

Tax team recommends review of gold mining tax

2015-06-05 20:03

South Africa should review a preferential tax enjoyed by gold producers, a commission set up to look into taxes in the country says.

Gold heads for third week of declines

2015-06-05 09:37

Gold has headed for a third weekly loss before a US employment report that may provide clues on the timing of interest-rate increases.

Gold dips further below $1 200 on robust US data

2015-06-02 10:10

Gold has eased further below $1 200 an ounce as the dollar climbed to a fresh 12-and-a-half year peak against the yen and strong US economic data.


Randgold, Centamin ‘harshly treated’ by gold rout - Investec

2015-07-22 20:18

The UK’s biggest gold miners are oversold by investors fleeing the industry in the face of bullion’s slump to a five-year low, according to Investec.

SA's stock index glitters even as gold’s appeal fades

2015-07-21 07:50

Once the world’s biggest producer of gold, it’s South Africa's stock market that is glittering more than the precious metal.

Gold cuts losses after dive to 5-year low

2015-07-20 10:49

Gold has trimmed losses after falling as much as 4% to its lowest in more than five years as sellers in top consumer China sold off the metal in minutes.

Gold gets ignored in Greek meltdown

2015-07-07 09:01

Gold has fallen so far out of favour that even as Greece lurches closer to a possible exit from the euro, investors are shunning the metal known for being a haven.

Gold companies offer unions up to 13% increase

2015-06-29 18:29

The gold sector has tabled its wage offer to mining unions, saying the offer is based on economic and social sustainability.

Gold slips over US rates, Greece debt

2015-06-16 13:03

Gold prices have slipped before two key meetings: a policy update from the US Federal Reserve and Greece's intensifying debt crisis.

Gold ticks up, but holds near 11-week low

2015-06-08 10:01

Gold has improved after a three-day losing streak but is still hovering near an 11-week low as strong US data boosted expectations for a US interest rate hike.

Billionaire Motsepe upbeat about gold

2015-06-05 14:13

African Rainbow Minerals, owned by billionaire Patrice Motsepe, will keep its stake in Harmony Gold even as SA’s third-biggest miner of the metal trades at 17-year lows.

Gold mining’s economic value drops

2015-06-03 11:51

Gold mining’s economic value worldwide has sunk in 2013 as prices have tumbled by the most on record, according to an industry lobby for the precious metal.

Harmony halts Bambanani ops after mine death

2015-06-01 12:15

Harmony Gold has suspended all blasting operations at its Bambanani mine in the Free State after the death of a miner.

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