Gold tracks for weekly gain as tariff threats stoke haven demand
Spot gold was steady for a second day at $2,755.35 an ounce at 8:04 a.m. in Singapore.
The African Chamber of Mines said that South Africa’s gold output during the first quarter of this year fell 9.3 percent to 44,682.7 kg compared with a revised 49,245.4 kg produced in the fourth quarter last year.
Africa is known for its large gold mines and controls significant share of the yellow metal.
