South African gold production shrank for a 17th straight month in February, the longest string of contractions since the financial crisis.
Labor
Gold Miner Enters into a Prepayment Deal with Citigroup
Sibanye Gold Ltd. raised $125 million by selling future gold production, the second major step by the company this week to build up cash as it faces a drawn-out labor dispute.
What Economists Are Saying Before the November U.S. Jobs Report
“Strong growth earlier this year should ensure the economy creates jobs at a robust pace into year-end,” economists wrote in a note. “The composition of job gains will provide clues on which sectors will drive hiring in 2019. As the Fed continues to tighten policy, the housing and auto sectors will likely get hit by rising interest rates.”
Powell Says U.S. Labor Market ‘Very Strong’ by Many Measures
Gold Silver Reports (GSR) — “Our economy is currently performing very well overall, with strong job creation and gradually rising wages,’’ Powell said in the text of a speech to be delivered to a housing conference in Washington on Thursday. “In fact, by many national-level measures, our labor market is very strong.’’