CAPITAL MARKETS

Gold patch gains despite bullion loss

DESPITE gold bullion falling below the US$1200 per ounce mark, investors evidently weren’t shocked judging by the patch going the other way and closing up nearly 1%. Philippines miner Medusa Mining led the way on no news and not much turnover, while St Barbara was again working its way back up the charts after losing circa-20% late last month (in line with most of its peers).