Gold will continue to be supported by the ‘US Fiscal Cliff’ which is the US government deadline to agree on a plan to decrease the federal budget or trigger $600 billion in spending cuts, which will create austerity for the people and a huge knock to an already unstable US economy.
In South Africa, gold mine strikes ceased nearly 39% of production, at AngloGold Ashanti Ltd. (ANG) and Gold Fields Ltd. (GFI), as labour walkouts spread across the country amid demands for above-inflation pay increases...............................................Full Article: Source
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