Gold swung between small gains and losses, with traders assessing an increasingly uncertain outlook for Federal Reserve interest-rate cuts.
Hundreds of people marched through Ghana’s capital Accra on Friday in a peaceful protest against unlicensed gold mining, calling on authorities to act against the dangerous and environmentally damaging practice.
A rebound in gold prices to a record peak has dashed the Indian bullion industry’s expectations of a lucrative festival season after their hopes were boosted by a deep cut in import duty two months ago to the lowest in a decade.
Ghanaian unions have called off a strike after the government promised to take measures to clean up Africa’s biggest gold producer’s small-scale mining sector.
A push into metals trading by several giants of the energy markets has spurred a hiring spree and driven up salaries, with some senior executives saying they’ve never seen such a frenzied competition.
Japan’s biggest oil refiner Eneos Holdings is spinning off its metal unit, JX Advanced Metals (JXAM), saying on Tuesday JXAM has applied for a listing on the Tokyo Stock Exchange to improve focus on their respective areas of expertise.
A US congressional watchdog has found no evidence that a 2012 Securities and Exchange Commission (SEC) conflict minerals disclosure rule has reduced violence in Democratic Republic of Congo, it said in a report on Monday.
Hedge fund Elliott Associates on Monday lost an appeal against the dismissal of its lawsuit against the London Metal Exchange over billions of dollars of cancelled nickel trades, which judges said were vital for the stability of the overall market.
At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as they search for the precious ore.
Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company’s existing mining permits in the country.