Hedge funds slash bullish wagers on gold over Trump election win
Hedge funds and other large speculators boosted net-long positions by 11% to 197,362 as of Nov. 12, the lowest in 14 weeks.
Seven illegal miners have died and 12 are seriously injured as a result of a clash between competing groups in a mine in Johannesburg’s East Rand, South Africa.
According to The New Age, police were alerted Sunday of a violent fight involving guns at an underground shaft of the Brakpan North mine.
Rescue operations were still underway at the mine on Tuesday morning, and official sources said there is a high possibility the number of fatal victims will increase.
Meanwhile Reuters reports a miner was shot dead near Lonmin’s (LON:LMI) Marikana mine, fuelling rumours of fresh labour tension in the platinum belt, which last year was the scenario of massive and violent strikes.
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