The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
South Africa’s Rand Refinery, the continent’s only gold refiner and one of the oldest globally, will continue to operate at reduced capacity during a national lockdown to curb the spread of coronavirus.
"We are at a point where 'Fear'-driven purchases will begin to dominate liquidity-driven selling pressure as it did in November 2008," Currie wrote.
Precious metals took another beating on concerns that a wave of emergency stimulus measures by central banks won’t be enough to improve a rapidly deteriorating economic outlook.
Now that coronavirus has reached South African shores, the JSE has shed over 2% in mid-morning trade, with the rand similarly taking a beating as global markets are in risk-off mode.
The mining company reported zero fatalities in 2019 – a first in its history.
A gold price increase sets Harmony on a growth path.
There's more than one way to invest in the yellow metal: either by buying it in its physical form, or investing in shares linked to gold. Fin24 asked the experts how to get started.
Gold punched above $1,600 for the first time since 2013, and oil spiked. But the gains fizzled. "They've barely scratched the US," says an analyst.
Rory Sabbatini and Kevin Tway staged a back-nine birdie blitz to claim a two-shot victory in the QBE Shootout in Florida.
Zimbabwe's finance minister says gold is being smuggled into South Africa and turned into jewelry.
Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand. But the industry is being affected by lockdowns at key facilities.
Gold extended a surge toward $1 600 an ounce after the Federal Reserve took unprecedented measures to protect the US economy from the coronavirus shock.
Markets have been roiled by the coronavirus outbreak that originated in Wuhan, China.
Bullion is near seven-year highs, amid a rush away from risk
WHO Director-General Tedros Adhanom Ghebreyesus has voiced concern over the spread of the coronavirus from people with no travel history to China.
Goldfileds expects to finish 2019 on a high due to higher production, higher gold prices achieved, lower cost of sales and lower impairment charges.
"When you look at the geopolitical strife, how many foreign entities really want to hold dollars?" Bridgewater co-chief Greg Jensen told the Financial Times.
Gold climbed to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions.
Patrick Reed was penalised two strokes for improper swings in a waste bunker in Round 3 of the Hero World Challenge in the Bahamas as Gary Woodland grabbed the lead.
"It's a reflection of the trade war and uncertainty this has created among the Chinese authorities — they need to hedge their risks."
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