Fears about Minister Dlodlo weren't unfounded. Six months into the job, she's been accused of issuing illegal interception orders, writes Adriaan Basson.
"It's a reflection of the trade war and uncertainty this has created among the Chinese authorities — they need to hedge their risks."
DRDGold has been leading the local gold shares higher in recent weeks and months. The gold sector is currently giving a short-term pullback, and this is setting up another buying opportunity in gold shares, such as DRDGold.
Gold's rise is a major sign that investors are worried about the state of the economy.
After Trump announced delays on some tariffs until December, there was a 123% increase in people trading bitcoin.
"Bitcoin is harder to manipulate the circulating supply and that's why some people think its a safe haven."
Mining production levels dropped 4.2% year-on-year in June 2019, with the largest negative contributors to the decline being gold, diamonds and platinum group metals.
Gold futures rallied above $1 500 an ounce on sustained demand for the traditional haven as the US-China trade war festers, global growth slows and central banks around the world ease monetary policy.
Gold has resumed its rally above $1 400 an ounce on a cocktail of positive drivers, with weak data feeding expectations for fresh easing from central banks, Treasury yields hitting a two-year low, and new picks for the Fed.
Gold has slumped back below $1 400 an ounce after the US and China agreed to a truce in their trade war, dealing a blow to havens that were bolstered in recent months by the long-running tensions.
Sibanye Stillwater - the world's biggest producer of platinum, the second-largest palladium producer and a major gold miner – plans to restructure its holding structure.
Gold and silver rallied after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory US military action in the Middle East.
Gold will surge above $1 600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing US growth and the fallout from the trade war with China, according to BNP Paribas SA.
The gold price soared to six-year highs in August. Will the rally continue? And what does this mean for miners of the yellow metal?
Gold mining company Harmony reduced its losses by over 40% for the 2019 financial year.
The country's gold reserves now hold about 1,945 tons of the precious metal — worth about $93.4 billion at current prices.
Leading gold producer AngloGold is pausing in the short-term before potentially renewing its uptrend. Its share price still has large upside potential.
The gold market is seeing the biggest price swings since late 2016 as traders and investors struggled to read when the US Federal Reserve may cut interest rates.
Prices rose after factory activity across Asia and Europe shrank in June, while the US showed only meager growth, according to purchasing managers’ indexes.
Prices extended their advance above $1 400 an ounce, near the highest level since September 2013, after the Federal Reserve and other central banks turned more dovish on monetary policy.
Western CapeLiberty Financial Advisers
Cape Town Northern SuburbsPlacement Point (Pty) LtdR420 000.00 - R480 000.00 Per Year
Cape TownCA Financial AppointmentsR480 000.00 - R600 000.00 Per Year
R 1 885 000
R 6 500 000
Apartments / Flats
R 2 495 000
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