Stories tagged “Gold.”
30 stories
Bitcoin beats gold, surge to $100,000 in play
Bitcoin has significantly outperformed gold and other major assets this quarter, with its price action suggesting a potential rally to $100,000. This resilience comes despite rising yields weakening traditional safe-haven assets.
Burkina Faso has inaugurated its first national gold refinery, Raffinor-BF, marking a significant step towards economic independence and local value creation for its primary mining resource. The facility aims to process 164 tons of gold annually, with plans to expand to 5…
A gold mine collapse in northern Sudan killed at least 10 people and injured 21, highlighting the extreme dangers in the country's unregulated gold mining sector amid a devastating civil war and economic crisis.
Hong Kong plans to expand its gold holdings and potentially build vaults in the Northern Metropolis to strengthen its position as an international financial center and global trading hub for precious metals.
Strive CEO Matt Cole predicts 50% annualized returns for Bitcoin through 2030 in an interview with Bitcoin Magazine.
The UK's Financial Conduct Authority (FCA) is reportedly exploring bespoke rules and potential exemptions from existing fund regulations for tokenized gold products.
Gold and silver prices drop as market opens today due to US-Iran negotiations freeze and global oil prices spike.
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.