Precious metals gain ground in the eastern country, while flows continue into Chinese gold ETFs. In the West they are waiting for upcoming Fed cuts. Join the WhatsApp channel Since November, the fixation of the Chinese yuan has weakened. Faced with this, precious metals are gaining ground in the Asian country. The Shanghai Futures Exchange […]
Tag: gold
Videnza: gold nuggets are used as currency in areas where it is illegally extracted
Luis Miguel Castilla, executive director of Videnza Instituto, presented a recent study on non-formal gold mining in Pataz, Piura, Madre de Dios, Puno and the southern coast, which covers part of Arequipa. Among the main results, it is revealed that the areas with the highest extraction use the metal as currency. At the Mining Thursday […]
Buenaventura confirms that gold production in San Gabriel will begin in 2025
Roque Benavides, president of the Buenaventura Mines Company, confirmed that the San Gabriel gold project, located in the province of Sánchez Cerro, in Moquegua, will begin gold production during 2025. Already in December of last year, the executive had advanced plans to accelerate the construction of the Moqueguana mine in 2024. This ratification occurs within […]
Zimbabwe will start using its new currency from April 30
The governor of the Reserve Bank of ZimbabweJohn Mushayavanhu, announced this Tuesday that a new currency, the gold of Zimbabwe (ZiG), will enter circulation starting on the 30th, the country’s latest measure to strengthen its unstable economy. “ZiG banknotes and coins will be distributed on April 30 for use by the public”Mushayavanhu said in an […]
Argentina Central Puerto enters the Canadian mining company AbraSilver
The Argentine company Central Puerto, whose asset portfolio is focused on the generation of electricity, will enter the Canadian mining company AbraSilver with the purchase of 4% of its Actionsfor a total of 10 million Canadian dollars (US$7.3 million). In a statement sent this Monday to the Argentine markets, Central Puerto, whose shares are listed […]
Zimbabwe urges international companies to accept its new gold-linked currency
The governor of the Reserve Bank of ZimbabweJohn Mushayavanhu, this Thursday urged local, regional and international companies to accept the gold of Zimbabwe (ZiG), the country’s new currency, linked to gold and approved last Friday in an attempt to stabilize the economy of the African country. Mushayavanhu He assured, in statements to EFE, that there […]
An Iranian finds gold in a trash can and returns it to its owner
An Iranian man was rummaging through the trash when he found a bag with gold and money equivalent to about $38,000, and went out of his way to find its owner and return it to him, a newspaper reported Monday. “My parents taught me that you have to return what belongs to others when you […]
IMF says that the possibility of selling gold to face emergencies is on the table
The managing director of International Monetary Fund (IMF), Kristalina Georgieva, pointed out this Tuesday that the possibility of her institution selling gold to face emergencies “It’s on the table”, although there is no consensus on the matter. “It is a topic where some of our members firmly believe that selling gold is really the last […]
Gold price reaches new historical figure: how much is it trading at and why?
Gold is a bright yellow precious metal known for its beauty and resistance to corrosion. It has been valued since ancient times, both for its use in jewelry and ornaments and for its role in the monetary system. It is found in nature in the form of nuggets, grains in rocks and in alluvial deposits. […]
Metal detector finds largest gold nugget ever found in England
A man specialized in metals came across the nugget of gold largest ever found in England after just 20 minutes of searching for these materials with its sensor, according to British media reports this Thursday. The lucky one is Richard Brock, 67, who has been using metal sensors in England for 35 years and found […]