Gold-Mining Index Falls To Lowest Since February 2001

News: South African index of gold-mining stocks dropped to the lowest level in 14 years, with the price of the precious metal hovering at a five-year low and local producers struggling amid rising labour costs and lower output from ageing ore bodies. Gold prices have fallen as much as 4.2% as US Federal Reserve prepares to raise interest rates for the first time since 2006, giving a boost to the dollar and reduce demand for havens. The five-member FTSE/JSE Africa Gold Mining Index declined...

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