South African gold miners shine as bullion prices touch record highs

DrdGOLD

27/07/2020 12:52

** South Africa's Gold Mining Index  .JGLDX , comprising
five miners, jumps as much as 8.2% to record high of 6,635.18
points
    ** FTSE/JSE SA Resource 20 Index  .JRESI  up as much as
2.46% to it highest since Sept. 4, 2014 
    ** Gold surged to record highs as an intensifying U.S.-China
row and a weaker dollar sent investors scurrying to the safety
of bullion to hedge against the risks to a global economy
already reeling from the COVID-19 pandemic  urn:newsml:reuters.com:*:nL3N2EY0LA
    ** Spot gold  XAU=  rose 1.7% to $1,934.06 per ounce by 0802
GMT after hitting a record high of $1,943.93, while U.S. gold
futures  GCv1  gained 1.7% to $1,929.40
    ** AngloGold Ashanti  ANGJ.J  rises as much as 8.2%, Gold
Fields  GFIJ.J  surges as much as 9.6%, Harmony Gold  HARJ.J  up
as much as 6.3%, DRDGOLD  DRDJ.J  rises as much as 8.2% and
Pan-African Resources  PANJ.J  up as much as 18.5% 

 (Reporting by Aniruddha Ghosh in Bengaluru)
 ((Aniruddha.Ghosh@thomsonreuters.com +91 8067 490 421; Within
UK: +44 20 7542 1810;))