South African gold output tumbled to the lowest level since 1922

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Source: Commodityonline
South African gold mining fell to the lowest level since 1922 in January, according to Chamber of Mines. Gold production for January tumbled by 11.3% as compared to a December's fall of 8.2%. Overall gold output for this year may approach 220 tons. The data is likely to boost gold prices due to possible supply shortage and global economics uncertainty.
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