Stories tagged “Gold.”
30 stories
Central African Republic: In Zamboï, workers return to the mine despite the accident [2/3]
In the Central African Republic, miners have returned to the Zamboï gold mine site despite a deadly landslide two weeks prior. Authorities have launched an investigation, but access remains officially prohibited.
Zamboï, a village born from mining activity in Central African Republic [1/3]
Zamboï, a village in the Central African Republic near the Cameroon border, has rapidly grown due to gold mining, attracting thousands despite a recent deadly landslide.
The Dutch Central Bank has transferred 86 tons of gold, valued at billions of dollars, from the United States and Canada to the Bank of England in London. This strategic move, completed over several months, aims to enhance the bank's resilience and preparedness amidst inc…
Madagascar: Central Bank Announces Opening of Gold Collection Points
Madagascar's Central Bank is opening gold collection points in four high-potential regions to boost its reserves and formalize the gold sector, aiming to combat illicit trafficking and stabilize the national currency.
Gold and silver prices stable as market opens today in Pakistan.
Goldgroup Mining fell by nearly 4% on Friday due to speculation of a Fed interest rate raise, impacting precious metals and their stocks.
Gold and silver prices in Pakistan have dropped today due to international market volatility.
Bitcoin ETFs draw billions in new investment, pushing the cryptocurrency's price higher after a sluggish June and July.
Promise of riches: Gold rush in small Kenyan village
A recent gold discovery in the remote Kenyan village of Cheporor has triggered a rush of thousands of amateur prospectors, transforming it into a bustling town that lacks the necessary infrastructure and faces security challenges.
The Tamil Nadu government is setting up 107 modern vaults across the state to store gold rings. The Thaimaman Thangamothiram scheme aims to promote institutional deliveries and provide one-gram gold rings to babies born in government hospitals and PHCs.
Bitcoin slipped below $80,000 as traders assessed falling US bond yields and shifting expectations for monetary policy. Gold also retreated after reaching multimonth highs.
Gold climbed to a three-month high, reaching $4,696.18 an ounce, while Bitcoin rallied above $80,000 for the first time since mid-May, driven by a weaker dollar and falling Treasury yields.
Gold prices surged to a three-month high, nearing $4,700 an ounce, as investors worried about US inflation and bond market jitters. Bitcoin also rallied, while oil prices fell despite new US sanctions threats.
Gold & Silver Prices Slightly Drop & Stabilize for Today
Gold and silver prices in Pakistan have slightly dropped and stabilized for today due to stalled US-Iran negotiations and subsequent global oil price spikes.
Gold prices fell on Tuesday after recording their highest level in over three months, as investors shifted their focus to key inflation data and a speech by Federal Reserve Chairman Kevin Warsh this week.
Gold prices in Pakistan have increased to Rs. 487,000 per tola, up from Rs. 482,800, reflecting strength in both domestic and international markets.
Bitcoin gained 23.2% over seven days as gold climbed and the dollar weakened, reviving the debasement trade.
Iran's currency and gold prices have surged amid US economic pressure, with the dollar reaching over 200,000 tomans and gold prices rising to 218 million tomans. The surge is attributed to concerns over the escalation of US pressure on Iran's foreign income.
Gold and silver prices in Pakistan have shown a strong upwards momentum due to international shocks, with investors buying these assets as safe-havens. Local Sarafa markets adjust prices to absorb these macroeconomic hits.
A goat herder's discovery of a gold nugget in western Kenya may have sparked a gold rush, drawing thousands of prospectors to a remote village, transforming the landscape and creating both opportunities and challenges.
Bitcoin Consolidates Near $77,000 as Gold Also Hits Multi-Month Highs
Bitcoin has consolidated near $77,000 after reaching its highest price since mid-May, while gold also climbed to a multi-month high as both assets benefited from growing investor interest.
Bitcoin consolidated above $77,000 after Friday's Wall Street open as gold joined the crypto rally to hit 14-week highs. The strong performance is attributed to US government debt policy.
Sweden's Mondo Duplantis, a double Olympic pole vault champion, has released the official anthem for World Athletics' inaugural Ultimate Championship. The track, titled 'Gold', was written and performed by Duplantis and will be the signature soundtrack of the championship.
A landslide at the Zamboï gold mine on the Central African Republic-Cameroon border killed at least 100 people, highlighting the severe lack of control and regulation in Cameroon's informal gold mining sector.
Gold mine collapse: Central African Minister of Mines clarifies circumstances of the tragedy
A deadly gold mine collapse in Zamboï, Central African Republic, near the Cameroonian border, has resulted in at least 49 confirmed deaths, though witnesses claim a higher toll. The government has ordered the provisional closure of the site following the disaster.
BlackRock views Bitcoin as a ‘low-correlation diversifier’ despite a 50% drop from $126K. The asset manager attributes the decline to cascading liquidations as leverage was purged from the market.
Gold prices have rebounded 9% in August to around $4,400 an ounce, suggesting the metal is regaining favour with institutional investors and central banks. The rebound is attributed to lower oil prices and softer US inflation data.
Bitcoin recovered above $64,000 on Monday as investors monitored rising geopolitical tensions between the United States and Iran, while gold prices climbed and US stocks weakened.
Bitcoin price strength saw BTC/USD pass $64,000 on 2% daily gains as gold pushed higher while US stocks wobbled on fresh US-Iran rhetoric.
Oil Majors Reap $93 Billion Windfall From the Iran War
Oil majors have reaped a $93 billion windfall from the Iran war, with oil prices surging due to supply-route risks and safe-haven demand for gold. The UK economy has remained resilient despite the war and higher energy prices.