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Zimbabwe - Monthly Economic Review - February 2014
The year 2014 commenced with the prices of precious metals on a slow recovery path, marked with low volatility. The price of gold increased by 5.1 percent from United States (US) dollar (USD) 1,223 in December 2013 to an average of USD 1,242 in January 2014, while the price of platinum increased by 4.5 percent from USD 1, 357 to an average USD 1,420 during the same period (Figure 1). The poor performance of the equity markets, which often serve as alternative investments to precious metals, infl uenced the increase in gold and platinum prices in January 2014.