Source link The rally has been attributed to rising tensions in the Middle East that have spurred safe-haven demand The price of gold reached an all-time high on Friday, soaring above $2,400 per ounce as a global safe-haven rush continues. Spot gold prices rose 2.4% to a record high of $2,431.52 per ounce before pairing […]
Source link The move is expected to help reduce inflation, the governor of the southern African nation’s central bank has said Zimbabwe has introduced a new national currency aimed at stabilizing the economy and countering the devaluation of the local dollar in the southern African nation. Harare has also appealed to the United Nations for […]
Source link How did crown jewels from Ghana end up in London, and is there any way to bring them back home? At the end of January, the British Museum and Victoria & Albert (V&A) Museum announced that more than 30 Asante ‘crown jewels’, gold artifacts that once belonged to the royals of Asante (or […]
Source link Rescuers are working around the clock to reach the workers following the collapse of the mine, Amur Region’s authorities have said An operation to rescue 13 people trapped underground following the collapse of a gold mine in Russia’s Amur Region has entered its seventh day. There has been no contact with those inside […]
Source link The European Parliament has adopted a resolution calling on Moscow to return gold sent to the Russian Empire by Romania in 1916 Former Russian President Dmitry Medvedev has vehemently rejected the EU’s demand that Moscow return gold that it claims belongs to Romania, describing it as “impudence.” On Thursday, the European Parliament adopted […]
Source link The country has overtaken Saudi Arabia with over $442 billion in foreign currency reserves, data shows Russia has risen to sixth place in the world in terms of foreign currency reserves, according to the latest calculations by the World Gold Council. The country had accumulated $442.5 billion in forex holdings as of the […]
Source link Chinese investors and households were major gold consumers in 2023 amid strong global demand for the safe-haven metal, the World Gold Council’s quarterly report has shown. According to the publication, Chinese investment demand for gold – spanning bars and coins – jumped 28% last year to 280 tons. Jewelry consumption was also up […]
Source link Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said Total gold demand hit the highest level on record last year of 4,899 tons amid global uncertainty and thanks to continued strong buying by central banks, according to the World Gold Council (WGC). In its Gold Demand […]
Source link Gold prices are expected to rally further in 2024 as lingering uncertainty about the prospects for the global economy spurs safe-haven demand for the metal, Reuters reported this week, citing industry experts. Bullion finished the year at $2,063 per ounce, surging more than 13% year-on-year in its first annual gain in three years, […]
Source link A sharp drop in the saffron harvest saw prices for the most expensive spice in the world skyrocket The global market is facing a deficit of saffron due to a poor harvest in Iran, the world’s biggest supplier of the spice, the Financial Times reported on Tuesday, citing local producers and exporters. Saffron […]
Source link Russian gold reserves surpassed the all-time high in monetary terms, reaching $151.9 billion in November, according to the latest data released by the Bank of Russia. The stockpile surged 2.2%, or $3.198 billion month-over-month; however, in physical terms, the country’s gold reserves declined by about 16 tons to 2,315 tons, decreasing for the […]
Source link Over 40 tons of the precious metal were added to state reserves in October, according to the World Gold Council Central banks have continued their gold buying spree, with reported net monthly purchases totaling 42 tons in October, the World Gold Council (WGC) has revealed. According to a report published last week, the […]
Source link Bullion has been on the rise amid geopolitical tensions, recession risks and possible interest rate cuts The price of gold touched an all-time peak on Monday, soaring past $2,100 per ounce as the global safe-haven rush continues. Spot gold prices rose to record high of $2,110 per ounce before giving up some gains […]
Source link Record price surge in precious metals and crypto heralds an economic shift as the Fed concedes Russian Market is a project by a financial blogger, Swiss journalist and political commenter based in Zurich. Follow him on X @runews Gold has achieved a remarkable milestone, hitting a new all-time high above $2,100 on Monday, while Bitcoin […]
Source link Gold prices hit their highest level since May on Monday, hovering above $2,000 per ounce, thanks to a weaker US dollar and speculation that the Federal Reserve’s interest rate hike cycle is over. Spot gold was up 0.6% at $2,012.92 per ounce by 10:19am GMT after hitting its highest level since May 16 […]