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 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.
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.
Black Cat Syndicate is celebrating the first gold doré from its Myhree open pit, part of the Kal East gold project in Western Australia.
Southern Cross Gold (SXG) has made a series of key land acquisitions on properties directly surrounding its prospective Sunday Creek gold-antimony project in Victoria.
Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week to sell it at least 20% of the gold they hold to help diversify its reserves.