South African strike positive for gold despite weak physical demand

The US Comex gold futures have risen 0.61 per cent this week to end at US $1,260.10 on Tuesday on the back of the breakdown of the talk to end the South African miners' strike and the precious metals group rally. The S and P 500 Index has been flat and the Euro Stocks 50 Index has risen 0.59 per cent during the same period. 

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