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Zimbabwe - Monthly Economic Review - December 2013
On a year-on-year basis, the prices of precious metals suffered signifi cant declines. In November 2013, platinum prices dropped by 10 percent from the USD 1,576.64 per ounce recorded in November 2012, while gold prices dropped by 26 percent to USD 1,276.61 per ounce over the same period (Figure 1). This huge drop in the prices of precious metals is largely driven by a decline in speculative behavior as world economic performance improves. According to the World Bank, economic growth in developing countries is recovering and is projected to accelerate to 5.1 percent in 2013.