-
High rand gold price only one part of the story for SA miners
Amid global geopolitical uncertainties, concerns about lower economic growth and rising inflation, gold has reinforced its position as a safe-haven asset for investors, and the World Gold Council (WGC) expects at least some of these supportive trends to persist. Gold prices in South Africa have increased significantly over the past 12 months – “these are good times” from a revenue perspective for South African gold mining companies, says WGC market strategist for Europe, the Middle East and Africa and Asia John Reade. The gold price reached a near record high of about $2 000/oz in August 2020 and rand gold ... (full story)