London gold market sued over ethical labelling for Tanzanian mine December 13, 2022 THE WORLD’S biggest bullion market is facing a High Court lawsuit over claims it wrongly certified gold from a Tanzanian mine as being responsibly sourced despite being at the centre of multiple allegations of human rights abuse. The London Bullion Market Association (LMBA) is being sued for an undisclosed sum by the families of two men [...]
Silver could enjoy US midterms boost if dollar weakens, predicts expert November 8, 2022 Silver prices could enjoy a hefty boost if the dollar weakens on the back of the US midterms today, argues Kinesis Money.
Gold and silver show signs of recovery with Fed rate hikes expected to ease October 26, 2022 Gold and silver are rebounding amid growing expectations the Fed will ease its aggressive policy of hiking interest rates.
Digital gold or fool’s gold: is crypto really a hedge against equity risk? September 14, 2022 | City Talk Crypto enthusiasts often claim that digital coins and tokens are uncorrelated with equities and can provide a safe haven amid stock market crashes. The assumption is that cryptoassets will act like “digital gold,” serving as a hedge against equity risk and helping investors ride out such downturns. Such bold claims beg for examination, especially amid [...]
Fresnillo reports lower revenues as gold volumes fall and Covid’s impact lingers August 2, 2022 Fresnillo reported lower revenues for the first half of 2022 due to the drop in gold volumes and silver prices, with Covid’s impacts still a concern. The Mexican metals mining company reported adjusted revenues of $1.35bn, a drop of 12.6 per cent as volumes and prices of precious metals that the company mines declined. The [...]
UK among G7 countries to ban Russian gold imports June 26, 2022 Exported Russian gold will be shut out of the UK, Canada, US and Japan under a batch of fresh sanctions designed to ramp up pressure on Moscow’s war efforts, the government announced today.
Gold Fields to buy rival Yamana Gold in $6.7bn deal May 31, 2022 South African mining giant Gold Fields is set to acquire rival Yamana Gold, making it the world's fourth largest gold mining group.
Gold prices hit by hawkish Federal Reserve May 31, 2022 A resilient US dollar and rising bond yields are weighing down investor confidence in gold, which sits well below the $1,850 threshold.
Anglo Asian Mining profits drop as it begins business revamp May 17, 2022 Profits at gold and copper producer Anglo Asian Mining have plummeted as the miner looks to expand its business across Azerbaijan.
City boss pays staff in gold to beat inflation: ‘Makes no sense to pay them in pounds’ May 15, 2022 Staff at a financial services firm in Canada have been offered the possibility to get paid in gold rather than pounds and pence — to help them keep ahead of inflation. TallyMoney CEO Cameron Parry is understood to be the first employer in the country to trial a gold payroll, though other [...]