You are Here

Category: Gold

Economy Gold International Mining News

Gold Investment Remains Resilient, WGC Report Shows

Gold investment has shown resilience, according to the World Gold Council’s (WGC) ‘Gold Demand Trends’ report for the second quarter, released on August 1, 2023. Despite some softness in certain areas of the market, the report indicates that investment demand remains robust while fabrication demand faces challenges due to high prices and affordability concerns among consumers. The WGC’s projections for investment in the current financial year remain unchanged, thanks to strong over-the-counter (OTC) demand compensating

Loading

Read More Here

Economy Gold International News

Gold near 3-week high on dollar dip, eyes on US inflation data

Gold prices reached a nearly three-week high on Tuesday 11th of July 2023, supported by a weaker dollar, as investors awaited U.S. inflation data that could impact the Federal Reserve’s decision on interest rate hikes. At 1223 GMT, spot gold was up 0.4% at $1,932.69 per ounce, marking its third consecutive session of gains. U.S. gold futures also rose 0.4% to $1,938.20. UBS analyst Giovanni Staunovo commented on the reaction to the U.S. inflation data,

Loading

Read More Here

Economy Gold Mining

Gold eases on firmer dollar as traders await more Fed guidance

Gold prices declined in thin trading on Monday as the U.S. dollar strengthened, while market participants looked forward to U.S. Federal Reserve Chair Jerome Powell’s upcoming testimony on Capitol Hill later in the week. By 10 a.m. EDT (1400 GMT), spot gold was down 0.3% at $1,952.00 per ounce. U.S. gold futures also fell by 0.4% to $1,964.00. With the U.S. markets closed for the Juneteenth holiday, trading activity was expected to be slow. The

Loading

Read More Here

Economy Gold Mining

Gold Rises as Dollar Weakens, Investors Await Fed Signals

Gold prices rose on Thursday as the U.S. dollar eased slightly, providing some respite to the precious metal. However, investor caution surrounding the Federal Reserve’s interest rate strategy and other economic cues kept gold trading within a relatively tight range. Spot gold increased by 0.3% to reach $1,945.69 per ounce, recovering some of its losses from the previous session, while U.S. gold futures rose by 0.1% to $1,959.90. The dollar index, which had been at

Loading

Read More Here

Economy Gold International

Gold prices drop in Dubai on more rate hikes expectations

Gold prices fell in UAE and globally on Thursday morning as investors expect more interest rate hikes by the US Federal Reserve. The Dubai Jewellery Group data showed 24K trading at Dh238.0 per gram at the opening of the markets on Thursday, down from Dh238.75 per gram at the close of the markets on Wednesday. The other variants of the precious also opened lower as 22K was trading at Dh220.25, 21K at Dh213.25 and 18K

Loading

Read More Here

Economy Gold

DRC’s Gold Exports Generate $1,104.0 Billion USD by the End of 2022

In a recent annual report published on the Ministry of Mines website, it has been revealed that the Democratic Republic of Congo (DRC) exported a total of 28,306.26 kilograms of gold in 2022. The exports generated a revenue of 1.104 billion US dollars during the evaluated period. The report also highlights the dominance of KibaIi Gold and MCCR in the industrial exploitation of unrefined gold exports. KibaIi Gold accounted for 99.83% of the exports, while

Loading

Read More Here

Gold International Mining

Activities Resume at Senala Gold Project in Senegal

Gold exploration company Oriole Resources has announced the resumption of activities at the Senala gold project in Senegal. The company holds a 41.65% interest in the project. The resumption follows the acquisition of AGEM Senegal Exploration, a wholly owned subsidiary of IAMGOLD Corporation, by Moroccan mining company Managem Group. AGEM Senegal Exploration will continue to operate the project, while Managem takes control. Under the terms of a 2018 option agreement, Managem Group will fund the

Loading

Read More Here

Economy Energy Gold Oil Petroleum Renewable Energy

OPEC+ reduces oil production by two million barrels/day

OPEC Member Countries and Non-OPEC Crude Oil Producers (OPEC+) decided to reduce oil production by two million barrels per day, considering that the measure had “a positive impact on the market, as it allowed to counter the decline market prices”. In a statement to the press on the latest production readjustment sent, this Wednesday, to Jornal de Angola Online by the Ministry of Mineral Resources, Oil and Gas, it is read that in a period

Loading

Read More Here

Economy Energy Gold International Renewable Energy

Republic of Congo’s National Oil Company (NOC) to Participate at African Energy Week 2022 as a Diamond Sponsor

The African Energy Chamber is proud to announce that the Republic of Congo’s National Oil Company will participate at African Energy Week in October 2022 in Cape Town as a diamond sponsor The National Oil Company (NOC) of the Republic of the Congo, SNPC, will be coming to Cape Town to attend and participate as this year’s edition of the African Energy Week (AEW) (https://www.AECWeek.com/) conference and exhibition – Africa’s premier event for the oil and gas

Loading

Read More Here

Economy Energy Gold Oil

Driving Sustainability and Security through South Sudan’s Energy Transition

Day two of SSOP 2022 sees industry leaders addressing South Sudan’s potential to use its vast oil and gas resources to address energy poverty and shifts in the global energy landscape The second day of the South Sudan Oil & Power (SSOP) 2022 Conference featured a panel discussion that addressed South Sudan’s potential to utilize its vast oil and gas resources to alleviate energy poverty and adhere to shifts in the global energy landscape. Moderated by

Loading

Read More Here

1 … 7 8 9 10
en English pt Portuguese