News of the current SEC proposal to stop the trafficking of “conflict gold” took the market somewhat by surprise. Experts fear that the added rules, regulations, greater costs and auditing to be put in place to regulate the mining of gold in Tanzania could lead to an unintended boycott of African gold mining.
Gold spot price is down $21.90 – Silver price is down 62 cents – Platinum spot price is down $31.40– Palladium price is down $7.80
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