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Commodities Briefing - Categorized | Market Moves, Metals and Minerals, Price Watch more

Commodity prices drag miners to seven-month low

Posted on 05 April 2013

South African mining shares, which account for 24% of the country’s stock market weighting, fell to their lowest in almost seven months on Wednesday as commodity prices fell on weak demand prospects.
“Continuous uncertainty around labour issues means that generally‚ sentiment around gold and other metals remains negative,” said Ferdi Heyneke‚ a portfolio manager at Afrifocus. “Gold is not attracting any safe haven status at the moment.” The 19-member FTSE/JSE Africa mining index retreated 2.6% and closed at its weakest level since September last year………………………………………..Full Article: Source


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