Gold prices surged on Monday, reaching a peak for the seventh consecutive session. This rise is driven by expectations of interest rate cuts in the United States and increased gold accumulation by China.
An ounce of gold (approximately 31.1 grams) reached $2,355 in recent trading.
For delivery in August, the price of gold on the international market increased on Friday, closing up 1.17 percent at $2,381 per ounce.
Gold in Angola
According to recent data from the Department of Standardization and Good Practices of the Regulation and Markets Directorate of the National Mineral Resources Agency, gold exploration in Angola currently covers 4.9 percent of the national territory. This activity generated more than $10 million in revenue from 2021 to 2023.
Gold production in Angola is projected to rise from 3.75 thousand fine ounces in 2023 to 4.68 thousand fine ounces in 2024, reflecting an annual growth of 24.8 percent, according to the supervisory ministry.
