David Hunkar submits:
As the Euro dipped to a four-year low and stocks fell further Friday, gold prices rose. Gold for August delivery rose 0.6% to reach $1,217,90 an ounce on the New York Mercantile Exchange.
South Africa no longer holds the title of the world’s largest gold producer. Currently China is the world’s top gold producing country. The total global output is 2,350 metric tons.