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Daily Digit: Spot Gold Price Fall Hurts

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Daily Digit: Spot Gold Price Fall Hurts
AIRED:
25% is today's daily digit - the fall in spot gold prices so far this year. It's hurting many, including AngloGold Ashanti. The world's third biggest bullion producer is to cut 2,000 jobs and writedown the value of its assets by $2.4billion. It's also scrapped its quarterly dividend. Shares were down 6 percent at midday, after touching a 12-year low. It was a similar story at Randgold Resources where shares fell 5% after a 62% fall in second quarter profit. Mark Bristow is CEO.moreless
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