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.
Platinum producer Lonmin Plc (LON: LMI) resumed operations at its Marikana mine in South Africa Friday following a wildcat strike by its workers earlier in the week.
The company told the Mail and Guardian that employees had returned to work Friday and labour-management talks continued.
Members of the Association of Mineworkers and Construction Union refused to work Tuesday while calling for the office closure of their rival, the National Union of Mineworkers, at Lonmin.
AMCU’s president told workers Wednesday to go back to the mine and stop the job action as a case to recognize the union as the majority representative was before a government commission.
The strike stopped production at 13 Marikana shafts near the town of Rustenburg.
Image: GovernmentZA, Creative Commons, Flickr
