Hedge funds slash bullish wagers on gold before war jitters
Speculators have reduced net-long positions by 3.6%.
South Africa’s Gold One International Ltd. yesterday suspended 14,000 workers on strike at the company’s Cooke 4 shaft in Ezulwini on the West Rand.
Company spokesman Grant Stuart said the suspension notice implies that workers who are not staying in hostels are now locked out and Gold One’s mining operations remain shut down.
Disciplinary hearings for all workers who have been on strike since Monday will be held today. Stuart acknowledged that one potential result of the hearings will be dismissals.
Source (English): Times Live
