Gold miners spared from South African labor strikes, for now

South African gold miners are higher - AngloGold Ashanti (AU) +6.3%, Harmony Gold (HMY) +3.2%, Gold Fields (GFI) +2.4%, and Sibanye Gold (SBGL) +2.1% - as they enjoy a reprieve from the start of strikes at the country's platinum mines.

There was talk of labor strikes in the gold mines too, but the gold miners managed to avert that by challenging the AMCU labor union in court; any potential strike against gold producers is delayed until Jan. 30, and analysts say the union is looking to see how the platinum strikes go before moving forward.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs