Search results: gold prices

Fidelity Printers and Refiners boss Mr Fradreck Kunaka confirmed that Zimbabwe’s most popular Mining institution will soon review the price of the yellow metal as part of a broader scope to attract more deliveries into the...

The country could still be losing a significant amount of gold through smuggling despite having recently unveiled a new trading framework of the yellow metal aimed at mopping up more gold into the formal system.Bernard RinomhotaOn...

Gold’s allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800 an ounce and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009.Investors have favoured havens this...

Primary producers of gold in the country would have felt some respite in the wake of the inaugural Reserve Bank of Zimbabwe (RBZ) foreign currency auction, held on the 23rd of June 2020, when it was...

SINCE lockdown measures to contain Covid-19 around the world have eased industrial metal prices have begun to rise. This was said by ratings and research agency Standard & Poor’s Global (S&P Global).However, even though industrial metal prices...

The Zimbabwe Miners Federation would like to appreciate the recent review by FPR in the gold trading framework as announced through its Press Statement of 26 May 2020. The review provides for a flat price of...

THE Reserve Bank of Zimbabwe yesterday announced that forex retention for gold had been revised up from USD 55% and 45% rtgs to USD 70% to 30% rtgs. The Apex bank also revealed that Miners will...

Zimbabwe's Apex Bank is failing to ship in enough foreign currency to pay for gold purchases, a miners' group says.Fidelity Printers & Refiners (FPR), the central bank unit which is the country's sole gold buyer, cannot...

THE Reserve Bank of Zimbabwe (RBZ), through its February 2019 monetary policy statement, reduced the 70/30% gold retention threshold to 55/45% for all miners, a move which was, however, described by miners as unprogressive in many...

Mining analysts are predicting a strong 2020 for Gold prices. An ostensible Covid-19 prompted global recession is set to result in investors exchanging cash deposits for physical gold as a haven against a likely depreciation of...

GOLD production in the small-scale mining sector is projected to drop by 29% to 12 tonnes this year due to disruptions caused by COVID-19, an official has said.The sector, which accounts for more than 60% of...

Financial services company INTL FCStone Europe, the Middle East, Africa and Asia market analysis head Rhona O’Connell says the majority of precious metals have moved into uncertain territory, with future trends difficult to predict as Coronavirus disrupts international buying and selling...