Gold Mine Explosion In Guinea Kills At Least 25; Japanese Silver Price Drops 2.7%

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An unfortunate gas explosion has “killed as many as 25 people in an illegal gold mine in eastern Guinea, area that holds some of the West African country’s largest gold reserves.”

A police source confirmed to Reuters that 14 bodies have already been recovered, but added the walls of the mine were ‘too narrow,’ which makes it ‘impossible to survive this kind of accident,'” reports Kitco.

On Wednesday, November 20, the day’s biggest mover was Japanese silver, which saw a 2.7 percent decline. Following a 1.4 percent rise on Wednesday, the price of Indian silver closed. The price of Chinese silver increased 0.6 percent. US silver fell 0.3 percent yesterday.

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The price of Japanese gold bullion fell 1.3 percent yesterday after two days of no change. The price of Indian gold bullion finished the market day up 0.4 percent per 10 grams. Chinese gold bullion gained 0.3 percent to finish. The price of US gold bullion held steady.

Japanese platinum bar ended the day, after the 2.2 percent drop yesterday. The price of US platinum bar rose 0.4 percent after a two-day drop. Chinese platinum bar prices inched up 0.3 percent.

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The price of Japanese palladium bar declined 2.3 percent. Chinese palladium bar prices rose 0.6 percent. Following a two-day drop, the price of US palladium bar increased by 0.6 percent.