Gold mining halted in South Africa

January 25, 2008

Category: Business, Precious Metals

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What’s that in the sky? A bird? A plane? No, it’s the price of gold!

Power outages in the world’s second largest gold producer (recently surpassed by China) have caused a halt to gold and platinum mining activities for fear of losing power while miners are underground.

Gold is up over $15 to $921 per ounce as I write this post.

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