SA Gold Stocks Battered for Third Day

  • Friday, September 13, 2013
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  • Keywords:Stocks Gold SA
[Fellow]
[ferro-chrome.com] Shares of South African gold producers fall for a third day as spot bullion prices hit a four-week low on waning prospects of an imminent military strike against Syria and uncertainty over the time and pace at which the US Federal Reserve will start to unwind monetary stimulus.
 
The JSE's Gold Index falls 3.7 percent, as shares of major producers like AngloGold and Harmony Gold decline more than 3 percent.
 
Gold Fields slides 5.2 percent to 47.80 rand, the worst performer on the JSE's Top-40 index, which was up 0.44 percent
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