Gold – Page 3 – THE OVAL CIRCLE

Investment or imperialism? One of the world’s largest gold mines could’ve transformed Kyrgyzstan. Instead, it enriched Canadians

Posted on July 19, 2021July 19, 2021By Editor

Kyrgyzstan, Central Asia’s second poorest nation, is sitting on a pile of gold, quite literally. For years, the bulk of profits from the colossal Kumtor Mine have been sent abroad. Now, a new government is trying to change that. … Read More >Investment or imperialism? One of the world’s largest gold mines could’ve transformed Kyrgyzstan. Instead, it enriched Canadians

Business

Russia’s largest gold mining company to boost output amid global production drop

Posted on June 29, 2021June 29, 2021By Editor

Russian gold mining company Polyus is planning to ramp up production over the next two years, as the overall global output of the precious metal has fallen during the Covid-19 pandemic. … Read More >Russia’s largest gold mining company to boost output amid global production drop

Business

Russia’s current supply of gold deposits should last for next 40 years, minister says

Posted on June 6, 2021June 6, 2021By Editor

At the current pace of gold production Russia has enough unmined reserves of the precious metal for many decades to come, according to the head of the Ministry of Natural Resources, Alexander Kozlov. … Read More >Russia’s current supply of gold deposits should last for next 40 years, minister says

Business

Weaker dollar & coronavirus surge boost gold’s safe-haven appeal

Posted on April 29, 2021April 29, 2021By Editor

Gold prices rose on Monday as the number of coronavirus cases globally continued to grow. Ahead of the Federal Reserve’s meeting, scheduled for his week, bullion was also given a boost, thanks to a weakened US dollar. … Read More >Weaker dollar & coronavirus surge boost gold’s safe-haven appeal

Business

China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports

Posted on April 20, 2021April 20, 2021By Editor

The world’s biggest gold consumer, China, has given domestic and international banks permission to import large amounts of gold into the country, Reuters reported, citing its sources. … Read More >China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports

Business

Weaker dollar pushes gold price to 7-week high

Posted on April 20, 2021April 20, 2021By Editor

The price of gold reached a seven-week peak on Monday as a softer dollar and lower US Treasury yields lifted the precious metal’s appeal even as the appetite for riskier assets remained strong. … Read More >Weaker dollar pushes gold price to 7-week high

Business

India’s soaring demand for gold could boost price of precious metal

Posted on April 5, 2021April 5, 2021By Editor

The world’s second-biggest consumer of gold, India, ramped up imports of the metal by 471% from a year earlier to a record 160 tons in March, Reuters reported, citing a government source. … Read More >India’s soaring demand for gold could boost price of precious metal

Business

Russia’s National Wealth Fund gets greenlight for gold investments as Moscow pursues de-dollarization policy

Posted on March 29, 2021March 29, 2021By Editor

Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold. … Read More >Russia’s National Wealth Fund gets greenlight for gold investments as Moscow pursues de-dollarization policy

Business

Britain buys most of Russia’s gold exports in January, worth over $700mn

Posted on March 17, 2021March 17, 2021By Editor

Russia exported 13.73 tons of rough gold in January, up 1.5 times year-on-year, according to data from the Federal Customs Service. In monetary terms, exports almost doubled to $812 million, data shows. … Read More >Britain buys most of Russia’s gold exports in January, worth over $700mn

Shows

Bitcoin’s only use is to hold on to it and hope – economist

Posted on March 12, 2021March 12, 2021By Editor

The cryptocurrency craze is promising to bring about a new financial revolution while critics argue whether this gamble is worthwhile. We talk about this with Peter Schiff, stockbroker, chief economist and global strategist at Euro Pacific Capital. … Read More >Bitcoin’s only use is to hold on to it and hope – economist

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