African Barrick Gold halts production at Tanzanian mine after accident

The Springpole project is host to one of the biggest undeveloped open pit gold deposits in North America.

The resource estimate outlines 44.2 million inferred tonnes grading 0.3% copper and 0.24% nickel.

During this period, gold is usually just before forming a short-term top and starting the biggest decline within the final quarter of the year.

Consumers in price sensitive regions such as India had been finding it difficult to cope with gold's rally in recent months.