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Category: Gold

Countries in the Middle East and Africa are withdrawing their gold reserves from the US – Houston Post

▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post ▪️ Among the countries that have…
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August 5, 2024
Gold rush: African nations seek safe haven amid currency woes

African nations are turning to gold in a bid to protect their economies from the turbulent global landscape. Geopolitical tensions, currency fluctuations, and rising inflation have prompted a rush to bolster gold reserves as a hedge against economic instability. This trend is expected to continue, with the World Gold Council anticipating that around 20 central…
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July 24, 2024
The Price of Gold Reaches New Historic High: An Analytical Insight

The historical prices of gold per troy ounce for the last five years: These figures reflect the general trends in gold prices over the last five years, highlighting a steady increase, particularly during times of economic uncertainty and market volatility. In an unprecedented turn of events, the price of gold has surged to a historic…
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July 16, 2024
Gold Digger: Agnico Eagle Mines (SA Quant)

Summary Best Gold StockGold has rallied, as market volatility, rising interest rates, and uncertainty around crypto scandals have prompted some investors to seek investments that offer hedges. The U.S. dollar lost some purchasing power amid geopolitical and macro headwinds, yet, “the dollar remains king.” But, for investors looking for defensive investments amid global uncertainty, diversification…
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July 6, 2024
Several people killed in accident at abandoned Liberia gold mine

MONROVIA (Reuters) – Several people have been killed in Liberia in an accident at an abandoned gold mine, the West African country’s mines minister said on Tuesday. Minister Wilmot Paye said on Tuesday seven people died in Monday night’s incident, but acknowledged the authorities could not yet provide an exact death toll until a team…
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March 26, 2024
Now Breadwinners, Ex-Rebels in Liberia and Sierra Leone Work in Mines They Ran

SAND BEACH, River Cess – As a commander of the Small Boy Unit —a brigade of child-soldiers of the National Patriotic Front of Liberia — Emmanuel Gaye guarded civilians his adult commanders captured on a goldmine in River Cess. He monitored their movement and activities. Nearly 18 years after the war, the 36-year-old has returned…
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March 22, 2024
West African Resources lifts 10-year gold output forecast

WEST African Resources (ASX: WAF) is the region’s emerging mid-tier gold producer, targeting +400,000 oz pa production from 2025 from its Sanbrado Gold Operations and Kiaka Gold Project.increased its 10 year gold production outlook to 415,000 ounces annually with group annual gold output peaking at 473,000 oz in 2029. Unhedged resources were reported at 12.8…
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March 6, 2024
Liberia: Army Denies Using Troops, Excavators to Mine Gold For President, 1st Lady; Brother-in-Law

Monrovia – The Armed Forces of Liberia is debunking allegations that its troop and resources donated by the government of China are being used to mine gold on behalf of President George Weah’s brother-in-Law, Michael Duncan and First Lady Clar Weah. On Monday, Talk Show host Henry Costa, in a Facebook Live displayed photographs he…
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June 24, 2020