South African Gold Stocks Decline on Price Estimate Downgrades

- January 24th, 2011

Bloomberg reports that South African gold companies declined as Citigroup Inc. and Morgan Stanley cut their price estimates for the nation’s three biggest producers of the metal.

Bloomberg reports that South African gold companies declined as Citigroup Inc. and Morgan Stanley cut their price estimates for the nation’s three biggest producers of the metal.

The market news is quoted as saying:

Gold snapped two days of declines, rising 0.5 percent to $1,349 an ounce.

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