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Investors that direct their funds toward trading precious metals are having a tough year. Gold and silver traders, in particular, are getting the short end of...
South Africa's mining industry is a big contributor to the country's GDP, but a reported growth in the sector did not help improve SA's recession.
It seems that the gold price posted on August 15, at $1,165.50, is the bottom of its current decline.
Gold prices seem to have stabilized a bit following the decline of the U.S. dollar. However, struggles await for the price movement.
The four-month decline in gold and silver could mean that their prices are nearing their bottom, and the precious metals are ready to rebound.
Gold prices start to trade lower against a much stronger dollar as the trade conflict between U.S. and China continue to escalate.
When the dollar receives an increase, gold plunges.
Adhik Maas contributed to the dip in the country's gold imports.
Located at Western Australia, the Bellevue Gold Project has produced more than 800,000 ounces of gold throughout its more than 100 years of operations.
Dow Jones experienced more lows than highs for the past three weeks. Gold and other precious metals were also under pressure.