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.
Rising fears of a pandemic, which US health authorities have warned is likely, had already wiped more than $3.6 trillion from global stock markets by Wednesday's close.
The accident happened at around 2pm in Kampene, 180 kilometres south of town of Kindu, when "dozens of people, including children and pregnant women" were at work on the site, a civil society campaigner said.
As the government decriminalised gold digging in the country three years ago, violence perpetrated by robbers and mining mafia is on the surge. Many miners now carry machetes for self defense.
Democratic Republic of Congo opposes Canada’s Barrick Gold to have stake in the Kibali mine owned by the state as a result of the acquisition of Randgold Resources.
Gold and oil will extend their gains on Monday when markets open for the first time since Western powers launched a missile attack on Syria, but equities are unlikely to suffer big losses.
Subscribe to our Youtube channel for all latest in-depth, on the ground reporting from around the world.
Copyright © 2020 TRT World.