Search results: gold prices

FIDELITY HAS REVERTED BACK to the 55/45% payment systemFollowing the announcement by The Finance Minister of the abolishment of the use of Foreign currency, Fidelity Printers and Refiners has published gold buying rates in local currency.This move...

SOUTH AFRICA - A new report on illegal mining suggests that South Africa is losing upwards of R14 billion a year to the illicit gold trade. This is substantially more than previous estimates of about R7...

For the past decade, the country’s mining sector has been facing a myriad of challenges ranging from fluctuating global mineral prices, subdued working capital and above all brain drain due to prevailing economic challenges.However, despite the prevailing...

Metallon Corporation (“Metallon”), the leading gold mining company in Zimbabwe, has served Legal notice to the Reserve Bank of Zimbabwe (RBZ) and Fidelity Printers and Refiners Limited, (FPR) for lack of payment for gold produced. Metallon...

 Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East — a gateway to markets in Europe, the United States and beyond —...

Gold prices edged lower on Wednesday, but traded near the previous session’s two-week peak as equities slipped after the International Monetary Fund (IMF) cut its global growth outlook and on trade tensions between the United States...

Gold prices  steady on Wednesday as a weaker dollar offset pressure on the metal, which recovered from a four-week low in the previous session, while a rally in equities to multi-month highs capped bullion’s safe-haven demand.Spot...

Gold prices slipped to a more than three-week low on Tuesday as waning global economic slowdown concerns dented the precious metal’s safe-haven appeal and lifted equities to multi-month highs.Spot gold was down 0.1 percent at $1,286.82...

Gold prices inched up on Monday as the dollar backed off three-week highs, but gains in the metal were limited as equities rose on signs of progress in the Sino-U.S. trade talks and upbeat Chinese economic...

Palladium prices plummeted around 7 percent on Wednesday, the biggest daily percentage drop in more than two years, as investors worried that prices had risen too far too fast and breaks below technical levels triggered automatic...

Gold rose on Monday as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth, increasing appeal for the bullion alongside yen and bonds.Spot gold was up 0.2 percent...

Gold rose on Thursday, trading close to a three-week peak hit in the previous session after the U.S. Federal Reserve phased out a possibility of an interest rate hike this year, while palladium scaled a record...