Gold News

JSE gold mining index closes higher

The Johannesburg Stock Exchange (JSE) gold mining index has finished up 2.95 per cent today as the gold market takes a break from trading over Christmas.

An improvement in the world markets caused the rise, according to one trader quoted by I-Net Bridge.

"The volumes have been fairly light today and nothing really exciting has happened. The JSE is up because world markets are looking a lot better," he said.

AngloGold Ashanti, which was recently reported by the Australian Associated Press as saying it would close its hedge book, saw a rise of 2.53 per cent from 293.56 rand ($42.10) to 300.99.

Like other stock exchanges in London and New York, the JSE is taking two days off during the Christmas period.

Those looking to buy gold will probably be aware that South Africa is an extremely important market for the metal, being the largest producer of it in the world.

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