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    gold investing

    South African Gold Stocks Decline on Price Estimate Downgrades

    Written by Investing News Network
    |
    Jan. 24, 2011 01:47AM PST

    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.

    Click here to access the entire news

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