78 Bodies Found in South African Gold Mine After “Horrific” Crackdown on Illegal Miners
Authorities cut off food and water supplies for months, forcing miners to the surface for arrests. A total of 78 illegal miners have been recovered dead from a South African gold mine, where police imposed a harsh siege by blocking food and water deliveries for months. The operation has been condemned by trade unions as […]
Gold Price Hits 1-Month Low as China Halts Purchases
Gold prices plunged across all major currencies on Friday, dropping $80 an ounce in just six hours. The fall outpaced declines in global stock markets, bond prices, Bitcoin, and copper. This sharp drop was triggered by stronger-than-expected U.S. jobs data, further accelerating the slide in gold, which had already been under pressure from news that […]
Central Banks to Increase Gold Holdings Over Crisis Concerns
Central banks see gold as a reserve asset and will probably build their property of the metal in the following a year, as per a study by the World Gold Council. That is for the most part because of expanding worries about a potential worldwide monetary emergency, with national banks in developing business sector and […]
The longing for more secure investment could push gold higher
Nobody knows without a doubt when the Covid pandemic – – or its impacts on the economy – – will disappear. Specialists say that proceeded with worldwide vulnerability, combined with corporate income that are supposed to plunge until the end of the year, will keep on supporting gold. All things considered, Ponikiewicz noted, gold is […]
Gold Approaches Extremely High Price In The Near Future
Gold costs have taken off this year, and a few specialists figure they could ultimately relax high north of $1,900 an ounce. Costs had plunged alongside the remainder of the market in March on Covid fears, yet gold has since returned thundering. It’s presently exchanging around $1,750 – – an almost eight-year high. “On the […]