South Africa police standoff with illegal gold miners escalates
The police sealed off access to the Buffelsfontein gold mine in Stilfontein several weeks ago to deny the miners access to food and other essentials.
Gold bullion prices set a new intraday record of $1,625 per ounce in Wednesday’s Asian trade – 1.5% up on Friday’s close – before easing back slightly after London opened.
Stocks and commodities fell but US Treasury bonds were up, as the US Congress had to postpone a vote on the $14.2 trillion debt ceiling.
Image of Johh Boehner, Speaker of the United States House of Representatives
