EIN News: South Africa Gold News

UPDATE 2-Gold rebounds on Iran missile test, off two-wk low

9 Jul 2008 05:56 GMT

... * Gold off 2-week low after Iran tests missiles ... Gold was steady at $921.65/922.65 an ounce from $921.35/922.55 an ounce late in New ... March on supply fears in main producer South Africa. Arbitrage buying from speculators in Tokyo futures ...

Gold slides as dollar firms, oil slips

9 Jul 2008 04:27 GMT

... been a strong negative correlation between the gold price and the equity markets," he added. "Risk ... impacting PGM demand, as well as weaker gold prices, have pulled down platinum," said Fairfax investment ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

UPDATE 1-Gold extends losses on U.S. dollar, near 2-week low

9 Jul 2008 03:15 GMT

... * Gold near 2-week low as dollar holds gains ... said. Gold slipped to $919.20/920.20 an ounce from $921.35/922.55 an ounce late in New ... March on supply fears in main producer South Africa. "There's light buying out of TOCOM. I ...

JSE tumbles on world markets

8 Jul 2008 16:11 GMT

... in February this year. Resources fell 3.24%, gold miners were down 1.50% and platinum miners ... gold was quoted at US$913.95 a troy ounce from US$923.07/oz at the JSEs last close. ... risk aversion in emerging markets such as South Africa. "We are following overseas markets. Therere lots ...

Rand seen consolidating

8 Jul 2008 12:53 GMT

... bid at US$1.5719 from US$1.5724 overnight, while gold was quoted at $929.30 a troy ounce from $926.00 overnight. A local currency trader ... reaction to a Moody's credit opinion on South Africa. By 12.07pm the short-term government R153 bond ...

Gold firms as equities slip, dollar eases

8 Jul 2008 12:14 GMT

... Spot gold rose to $929.20/930.20 (U.S.) an ounce at 0931 GMT from $925.15/926.35 an ounce ... markets for clues to future direction in gold prices. Pending home sales figures for May due ... and an electricity shortage in major producer South Africa are resurfacing. Platinum prices will be driven ...

Gold rises on bargain buying

8 Jul 2008 11:20 GMT

... SINGAPORE Gold regained strength on Tuesday as bargain hunters ... auto catalysts. Gold rose to $926,90/927,70 an ounce from $925,15/926,35 an ounce late in New ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

Gold firm finds extra reserves at mine

8 Jul 2008 11:12 GMT

... the world's second largest gold producer behind South Africa. In 2007, its gold output reached 270.491 ... sold at the gold center - one ounce, two ounce, five ounce, and 10 ounce. ... a Jingyi Futures Co Ltd analyst, said gold prices were expected to continue rising amid surging ...

UPDATE 2-Gold rises on bargain buying,platinum off 1-mth low

8 Jul 2008 06:36 GMT

... * Bargain hunters lift prices but gold sees resistance at $940 * Oil bounces, ... catalysts. Gold rose to $926.90/927.70 an ounce from $925.15/926.35 an ounce late in New ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

UPDATE 1-Gold rises on bargain buying,platinum off 1-mth low

8 Jul 2008 03:25 GMT

... * Bargain hunters lift prices but gold sees resistance at $940 * Oil bounces, ... catalysts. Gold rose to $926.00/927.05 an ounce from $925.15/926.35 an ounce late in New ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

Gold slips along with oil

7 Jul 2008 22:31 GMT

... 5:27 PM EDT LONDON, NEW YORK Gold prices slipped along with oil Monday in response ... been a strong negative correlation between the gold price and the equity markets. Risk aversion has ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

AngloGold raises $1.6bn to trim hedges

7 Jul 2008 22:30 GMT

... Last updated: July 7 2008 23:09 of South Africa on Monday made progress towards its aim ... in advance at prices well below the gold price of $918 an ounce, a hangover from ... gold price was in the doldrums. The price of gold has been climbing since 2003 and this ...

Market watcher: Simon Brown, Standard Bank Online Share Trading

7 Jul 2008 21:51 GMT

... The all-share down 0.75% to 28 172, gold at $932/fine ounce, a barrel of Brent at $144. A ... the best horses ever to race in South Africa. The insiders, the racing experts, believe that ...

UPDATE 4-Gold eases as dollar recovers, oil slips

7 Jul 2008 20:45 GMT

... said. Gold fell to $915.90/916.90 an ounce at 1527 GMT from $932.00/933.00 an ounce ... been a strong negative correlation between the gold price and the equity markets. Risk aversion has ... after a power crisis in main producer South Africa disrupted mining and sparked fears of a ...

The Exodus From Oprah

7 Jul 2008 17:31 GMT

... show. There's her Soul Series webcast, the South African leadership academy for disadvantaged girls and a ... Phil and his blowhard badgering, Dr. Mehmet Oz and his diseased lungs in a bag ... will be falling off her pile of gold any time soon -- Forbes cites her ...