UPDATE 1- More arrested for defying Zimbabwe price freeze

(Reuters) - HARARE, July 7 - Zimbabwe police arrested 17 more
business executives for defying an official price freeze, as the
ruling party endorsed the government's tough stance on
businesses, state media reported on Saturday.




President Robert Mugabe's government last week ordered
prices of basic goods and services slashed by half and deployed
a crack enforcement unit, which has arrested more than 200
business people for breaching the price controls.


Read more at Reuters.com Economic News

Gold turns higher as dollar rally stalls

(Reuters) - Gold erased early losses to trade higher on Friday as the dollar's rise following a U.S. strong jobs report stalled, and robust buying by physical buyers could support the precious metal in the near term, dealers said.

Spot gold fell as low as $645 an ounce, the lowest since June 28, before rising to $654.30/655.10 by 3:31 p.m. EDT (1931 GMT), against $649.30/$650.10 in New York late on Thursday.


Read more at Reuters Africa