Gold crashed from $5,600 to $4,000 an ounce, squeezing African gold miners' margins. South African and Ghanaian producers face their toughest year since 2022.

It's been a bloodbath for AngloGold, Gold Fields and Sibanye, and World Gold Council expects prices to stay rangebound as higher US interest rates weigh on demand

Gold crashed from $5,600 to $4,000 an ounce, squeezing African gold miners' margins. South African and Ghanaian producers face their toughest year since 2022.