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Zimbabwe - Monthly Economic Review - January 2012


Metal prices changed direction several times throughout the year but ended 2011 weaker, except for gold. From 4 January 2011 to 30 December 2011, gold fi rmed by 13%, platinum, copper and nickel declined by 22%, 22% and 27%, respectively, over the same period. During 2011, prices responded positively (fi rmed) to the weakening US dollar as investors looked for safe haven for their cash. For the month of December 2011, prices for gold, platinum and copper fell by 10%, 11% and 3%, respectively while nickel prices fi rmed by 8%. The on-going uncertainty vis-à-vis the potential outcome of the current European debt crisis continues to affect commodities and foreign exchange markets.

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