Gold prices rise above $2,500 per ounce for first time in history
The price of gold has risen to a record high. Demand for gold was driven by rising tensions in the Middle East and lower duties on gold imports to India.
gold
Gold price hits another all-time high
The price of gold is growing by 1.5% on Monday, reaching $2,454 per troy ounce for the first time in history, the trading data showed. As of 06:02 GMT, the price of the June gold futures on the New York Comex exchange increased by $35.2 …
Gold prices snap record highs
Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow …
Gold price gits all-time high
Gold prices notched a new record on Monday for a second day in a row - with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could …
Georgia's National Bank to start selling gold bars
Georgia's National Bank (NGB) said it would start issuing gold certificates and selling gold bars starting on December 4 in order to diversify the investment market and assets. The Royal Mint, the United Kingdom's official maker …
Wedding rings prices soar in Kazakhstan
Prices for jewelry in Kazakhstan increased by more than 30% over the year
Türkiye opens facility to process vast gold reserve
Turkish President Recep Tayyip Erdoğan on Friday opened a vast gold mine facility that will process reserves discovered in the northwestern Bilecik province in late 2020. Around 109 tons of gold was discovered in the mining …
Georgian customs officers seize 1 kg of undeclared gold on Turkey border
Georgian customs officers seized 1 kg of undeclared gold on the Sarpi border crossing with Turkey Georgian customs officers seized ₾76,430 ($28,901) in undeclared gold items on the Sarpi border crossing with Turkey in Georgia’s …
Gold prices could surge to $4,000 an ounce
as interest rate hikes and recession fears keep markets volatile
Uzbekistan actively buys gold and far from sated
Uzbekistan has brought the share of the precious metal in its $32 billion reserves to almost two-thirds
U.S. Treasury imposes ban on Russian gold imports
The United States has imposed a ban on the import of gold from Russia. The order to that effect has been published on the website of the U.S. Treasury Department. "The importation into the United States of gold of Russian …
G7 nations to announce import ban on Russian gold
The G7 Group of developed nations will announce a ban on Russian gold imports in broader sanctions on Moscow over the conflict in Ukraine, U.S. President Joe Biden said. "Together, the G7 will announce that we will ban the import …
France backs Russian gold ban
France backs banning Russian gold exports and the proposal now needs to be discussed among the European Union's 27 members, a French presidency official said on Sunday. The official said Paris was not opposed to a cap on Russian oil …
Russia working on linking ruble to bullion and other commodities
Russian experts are working on a project to create a two-loop monetary and financial system in the country, Secretary of the Security Council Nikolay Patrushev said on Tuesday, in an interview with Rossiyskaya Gazeta. He explained that …
China makes fresh forays into gold mining sector in Tajikistan
Tajikistan’s president traveled to the northern Sughd region on April 14 to oversee the opening of a new gold processing plant built by a Chinese investor at a cost of around $136 million. The enterprise, Talco Gold, will …
New gold deposits development begins in Navoi region
Explosive work began at the newly discovered gold mines in the Navoi region, the Navoi Mining and Metallurgical Combine's press service spread this message. The Balpantau and Tamdybulak deposits in the Tamdy district were …
What countries refused gold reserves
Gold is the go-to asset in times of financial distress. However, the level of gold reserves is different among nations. While there are nations that hold more than 60% of their international reserves in gold, there are many countries where …
Mess at Kumtor Ends: Canadian Company Leaves Kyrgyzstan
Centerra and Kyrgyzstan reach agreement to split after Kumtor Gold Mine mess. If implemented, the agreement would see the Canadian mining firm exit Kyrgyzstan after a tumultuous 20 years and Bishkek assume responsibility for the …
Russian central bank to resume gold purchases on domestic market
Russia's central bank said it would resume buying gold on the domestic market from February 28, as it undertakes measures to try and ensure financial stability during Western sanctions against Moscow. "From February 28, 2022, …
Turkey to pour ‘under the mattress’ gold in its financial system
Turkey will expand its drive to lure savers back to the lira next week with a scheme aimed at bringing billions of dollars worth of “under the mattress” gold into the banking system, the country’s finance minister told investors during a visit to London
