Following a series of bank failures in the spring of 2023 and against the backdrop of stubbornly high inflation, many investors turned to gold. Known for its ability to hedge against inflation and diversify one’s portfolio, interest in investing in the precious metal spiked in 2023, hitting an 11-year high in September.[…]

Retail giant Costco announced Thursday that it had sold over $100 million in gold bars in the first fiscal quarter of 2024, according to CNBC. The announcement came in the company’s earnings call where the company said that they had a 6.1% increase in sales compared to the first quarter of 2023 and declared a[…]

Gold prices touched a 10-day high on Thursday as the U.S. dollar and Treasury yields slipped after the Federal Reserve signalled an end to its monetary policy tightening cycle. Spot gold rose 0.4% to $2,034.31 per ounce by 3:17 p.m. ET (2017 GMT). U.S. gold futures settled 2.4%[…]

The Bank of Tanzania (BoT) has started a large gold-buying initiative as part of a strategic drive to support the expansion of the mining industry and strengthen foreign exchange reserves. The information was made public by Emmanuel Tutuba, the Governor of the Bank of Tanzania (BoT), during his[…]

Harmony Gold Mining (HARJ.J) boss Peter Steenkamp plans to retire at the end of next year as South Africa’s biggest gold producer by volume seeks new growth opportunities in mining copper. Steenkamp, who turns 64 in November, has been at the helm at Harmony since returning in 2016. In[…]

Nine tables of comparative results, taken from the regular work of the service, are given. These tables begin with very fine gold, produced in an electrolytic refinery, showing close agreement in the assay results, and follow through decreasing gold fineness and increasing amounts and complexity of base metals[…]

For thousands of years, gemstones have been valued and traded around the world. Along with their beauty, these strong and rare minerals carry with them a unique elemental composition and atomic orientation. These traits act as fingerprints that can show researchers a gem’s past—including where they originated and[…]

Uganda’s Wagagai Gold Mine and Refinery will commence production in March 2024. The large-scale gold mining and refining facility is being developed by Wagagai Mining Limited and planned and designed by gold mining institution Shandong Gold Design Institute of China.