Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
In a stark reminder of the dangerous nature of deep level gold mining in South Africa. Gold Fields is rightly proud of its Kloof gold mine, near Westonaria on the West Rand, which today achieved one million fatality-free shifts. However, put in context, that is just 50 days without a fatality. Many mines in other parts of the world would think nothing of 50 days without a fatality. Yet Kloof has not achieved this safety level for over two years. (more…)
