The gold price
JSE gold mining index closes higher - 24 December 2007
The Johannesburg Stock Exchange (JSE) gold mining index has finished up 2.95 per cent today as the gold market takes a break from trading over Christmas.
An improvement in the world markets caused the rise, according to one trader quoted by I-Net Bridge.
"The volumes have been fairly light today and nothing really exciting has happened. The JSE is up because world markets are looking a lot better," he said.
AngloGold Ashanti, which was recently reported by the Australian Associated Press as saying it would close its hedge book, saw a rise of 2.53 per cent from 293.56 rand ($42.10) to 300.99.
Like other stock exchanges in London and New York, the JSE is taking two days off during the Christmas period.
Those looking to buy gold will probably be aware that South Africa is an extremely important market for the metal, being the largest producer of it in the world.
An improvement in the world markets caused the rise, according to one trader quoted by I-Net Bridge.
"The volumes have been fairly light today and nothing really exciting has happened. The JSE is up because world markets are looking a lot better," he said.
AngloGold Ashanti, which was recently reported by the Australian Associated Press as saying it would close its hedge book, saw a rise of 2.53 per cent from 293.56 rand ($42.10) to 300.99.
Like other stock exchanges in London and New York, the JSE is taking two days off during the Christmas period.
Those looking to buy gold will probably be aware that South Africa is an extremely important market for the metal, being the largest producer of it in the world.
Goldbug, 24 Dec '07
Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News, RSS links are shown there.
