South African Gold Miners Post Worst Three-Day Drop in 29 Months

Bloomberg reported that a three-day consecutive decrease in South African gold index prices was the worst in over two years.

The market news is quoted as saying:

The FTSE/JSE Africa Gold Mining Index declined 2 percent by the 5 p.m. close in Johannesburg, taking its losses for the past three days to 8.3 percent, the steepest since April 2009. AngloGold Ashanti Ltd., Africa’s biggest producer of the metal, dropped 1.6 percent.

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