Tuesday, January 27, 2026 at 1:00 AM
Record prices are breathing new life into South Africa’s ailing gold-mining industry.
The boom in the precious metal, interrupted by Friday’s plunge, fueled a frenzy among refiners and caused major pain for companies that need the stuff.
Gold prices retreated sharply after surging to fresh record highs, as traders booked profits and the dollar strengthened.
Buying the precious metal has become the antidote for market jitters.
A combination could create the world’s largest mining company with a market value of more than $200 billion and the industry’s biggest copper business
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