Home / gold / 2018-01-27 : Stronger rand injury rand gold value in Q4

2018-01-27 : Stronger rand injury rand gold value in Q4

collected by :Irax John

JOHANNESBURG (miningweekly.com) – A stronger rand negatively influenced on rand gold prices in the 4th quarter of 2017, SA Bullion reports.
For the 4th quarter, the gold footage in rand was quite different from which of the dollar, as the latter weakened against great currencies.
These currency moves conspired to deliver poor performance for gold in rand,” Davies noted.
For the quarter, gold in rand lost price to return -7.4% & for the year made a small earn by a return of 1.3%.
South Africa’s credit ratings too took a pummelling in 2017.

Davos team propels gold value to 18-month high, donald Donald trump shoots it down

But the metal reversed course in the afternoon after America President donald trump said CNBC which Mnuchin’s comments had been misinterpreted:“The $ Information Systems will get stronger & stronger & in the end I need to see a powerful dollar,” donald trump said.
Towards the lock of trading in fresh York, the generality active futures contract on the Comex market had fallen back to $1,345 an ounce.
Volumes were huge by only under 50m ounces of February delivery gold traded.
Gold & the America $ usually move in opposite directions & the greenback has declined sharply against great currencies ever Trump’s inauguration.
Gold has gained further than $100 an ounce ever mid-December.

 donald Donald
donald Donald

 

Chinese demand, geopolitical tension push gold price

as mentioned in If original contracts cannot be obtained, data Information Systems taken from public documents, presentations, break news articles from BNamericas archives, & external sources.
In statuses where contracts are subject to consent with legislators, the begain date Information Systems the date of the law or legislative approval.
The greatest care possible was taken to ensure consistency of data in order make a like-for-like comparison in project costs.
Severity of deviation from original estimatesThe severity of deviation from original estimates Information Systems defined according to determine criteria.
Project to be completed with 2018 = December 31, 2017Project to be completed in 2018 = December 31, 2018

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