Gold rose to its highest level since early July on Monday on expectations that the Fed will postpone an expected U.S. interest rate hike to next year.
TORONTO/ VANCOUVER, July 20- As if slumping commodity prices and unhappy shareholders were not enough, global mining companies are also facing a looming succession crisis. "There is a shortage of potential CEOs because the industry doesn't invest in people," said Mark Bristow, the 56- year-old Chief Executive of mid-tier gold miner Randgold Resources.
Struggling gold producers plan increasingly drastic measures to survive the latest price plunge - but not all of them will make it.
Spot gold prices fell after the minutes from the Fed's latest policy meeting showed the it was surprised by how quickly the labor market is healing.
The emerging markets sell-off could boost mining companies, analysts said on Tuesday, ahead of earnings from some of the sector's biggest names.
Stocks finished modestly higher Friday with major indexes posting their third week in positive territory and the Dow and S&P 500 closing at new record highs.
Stocks finished near session highs Tuesday, recovering losses from their biggest one-day drop this year, boosted by a batch of upbeat earnings results and some better-than-expected economic reports.
The "Fast Money" traders share their final trades of the day.
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Tim Seymour of EmergingMoney.com sees opportunity in gold and miners.
Harmony Gold has been bouncing, and the bulls are looking for the miner to keep climbing.
JOHANNESBURG, Oct 12- South African shares turned slightly negative on Friday as the strengthening rand currency. undermined stock prices of resource firms such as Harmony Gold.
*Credit Suisse raises Polymetal target price to 1290 p from 1080 p. *Credit Suisse raises Polyus Gold target price to 260 p from 240 p. *Credit Suisse raises Anglogold Ashanti target price to rand 389 from.
JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that strikes that have led to dozens of deaths and paralysed the sector could end soon.
JOHANNESBURG, Oct 11- South African shares rose for a second day on Thursday, as Richemont gained on an improved outlook for luxury goods and as investors piled into stocks they considered oversold following weeks of labour unrest.
JOHANNESBURG, Oct 11- Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that wildcat strikes that have paralysed the sector could end anytime soon.
JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. Africa's top two bullion producers AngloGold Ashanti.
JOHANNESBURG, Oct 11- South Africa's gold output rose 0.4 percent in volume terms in August while total mineral production increased 0.8 percent compared with the same month last year, Statistics South Africa data showed on Thursday.
JOHANNESBURG, Oct 11- Striking South African gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers said on Thursday, dimming hopes that wildcat strikes that have paralysed the industry could come to an end. "This was a final offer from the companies. They said take it or leave it, "NUM spokesman Lesiba Seshoka said."
JOHANNESBURG, Oct 6- Hundreds of striking South African workers rallied on Saturday to press Anglo American Platinum to revoke its decision to fire 12,000 wildcat strikers amid a wave of labour strife sweeping Africa's largest economy.