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m1.mny.co.za/MGGold.nsf/Current/...256D4F00591FC2?OpenDocument
The euro now looks vulnerable to a more robust dollar, and this is not good news for gold.
South African gold stocks took a pounding as gold sank from levels around $353/oz as the South African trading session started to $346/oz as New York began trading the metal at 16h00 our time. The stronger rand also helped the JSE Securities Exchange SA’s gold index close almost 5% lower at 2288,08, led lower by a 5,5% drop in Durban Roodepoort Deep shares to R19,75.
Harmony shares lost nearly 6% to trade at R106,67, AngloGold was 4,1% lower at R240,75 and Gold Fields shares gave up just over five percent to trade at R91,01.
The euro now looks vulnerable to a more robust dollar, and this is not good news for gold.
South African gold stocks took a pounding as gold sank from levels around $353/oz as the South African trading session started to $346/oz as New York began trading the metal at 16h00 our time. The stronger rand also helped the JSE Securities Exchange SA’s gold index close almost 5% lower at 2288,08, led lower by a 5,5% drop in Durban Roodepoort Deep shares to R19,75.
Harmony shares lost nearly 6% to trade at R106,67, AngloGold was 4,1% lower at R240,75 and Gold Fields shares gave up just over five percent to trade at R91,01.
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