A new mining facility that will employ 500 people and start gold casting in the last quarter of 2022 is being set up in the metal-rich eastern province of Agri.
After a rapid rise in 2020, the price of gold has plunged in recent months due to a weakening demand by central banks, a lacklustre jewellery market and weak investor interest.
The genderless deck replaces king, queen and jack with gold, silver and bronze.
Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.
The demand for gold took a hit in the third quarter of the year, despite its value increasing amid the coronavirus pandemic.
Gold hits record high as investors worried about the state of the global economy find comfort in the precious metal.
Considered a ‘safe haven’ during crises, the yellow metal is being stockpiled by central banks around the world, adding 650 tonnes to their reserves in the last year.
A judge in London has said the British government had "unequivocally recognised" opposition leader Juan Guaido as Venezuela's president, in a battle over gold bullion held at the Bank of England.
To suit their political aims, both President Nicholas Maduro and his Western-backed opponent, Juan Guaido, want to withdraw Venezuelan gold stashed in the Bank of England’s deposits in London.
A UN Group of Experts on the Democratic Republic of Congo found in its annual report that at least 1.1 tonnes of gold were smuggled out of Ituri province alone in 2019.
Lockdowns and uncertainty have helped prop up the precious metal, but as economies are reopening, gold prices are coming down.
People are buying up gold as an investment, and trying to stave off inflation as the pandemic wreaks havoc on economies.
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