Gold prices likely will receive only limited support from the labor unrest in South Africa (I,...

|By:, SA News Editor

Gold prices likely will receive only limited support from the labor unrest in South Africa (I, II), as the yellow metal’s price is underpinned by other factors, metals analysts say. Though a quick end to the disputes is not expected, the country’s gold production accounts for ~10% of world supply - substantial enough to be supportive of prices but not enough to push it up sharply.