You are here

Category: Gold

Gold prices slip on strong dollar as focus turns to Fed 1 Gold International 

Gold prices slip on strong dollar as focus turns to Fed

admin
Gold prices fell on Tuesday as the U.S. dollar and equities gained ahead of a much-awaited U.S. Federal Reserve meeting that could provide a timeline on interest rate hikes amid rising inflationary pressures. Spot gold was down 0.3% at $1,787.04 per ounce by 01:35 p.m. EDT. U.S. gold futures settled down 0.4% to $1,789.40. Persistent strength in equities ahead of Fed’s statement on Wednesday continues to weigh on safe-haven metals, said Jim Wyckoff, senior analyst at Kitco Metals. But recent concerns over inflation have limited the downside for gold and helped buying interest,… Read More Here
Market: This week, copper is trading at USD 10,045 per tonne, cobalt at USD 55,695 per tonne 2 Copper Cobalt Gold 

Market: This week, copper is trading at USD 10,045 per tonne, cobalt at USD 55,695 per tonne

admin
The general price trend of the main mining products of the DRC is up this week on the international market, according to projections by the Commission Nationale des Mercuriales, a structure of the Ministry of Foreign Trade. Among the commodities that are on the rise is cobalt which is trading this week at $ 55,695 per tonne versus $ 55,449 per tonne last week, a positive price spread of $ 146. Tin is also trending upward at $ 38,974 per tonne this week versus $ 38,730 per tonne last week,… Read More Here
Gridlock Congo Mining, (Sarlu GSM), to soon invest in the industrialization of the mining sector in the DRC 3 Mining in DRC Cobalt Copper Gold 

Gridlock Congo Mining, (Sarlu GSM), to soon invest in the industrialization of the mining sector in the DRC

arnbethnic
This information was delivered on Tuesday, October 27, 2021 by Raphaël Kibasa Maliba, representative of GSM in the DRC who led a delegation of this company to the Minister of Mines Antoinette N’Samba Kalambayi.  The visit of this company to the ministry and mines was motivated by the work done for the recovery of the sector by the number 1 of mines, Antoinette N’Samba Kalambayi. This is what enabled GSM SARLU to make a firm commitment to investment in the DRC, more particularly in the valuation of mining products in particular:… Read More Here
Gold Refinery on Cards in the DRC 4 Mining in DRC Gold 

Gold Refinery on Cards in the DRC

arnbethnic
The Managing Director of the mining company, Congo Gold Raffinerie, CGR, Karim SOMJI and his representative and Deputy Managing Director in the Democratic Republic of Congo, YASIN KARIM SOMJI , were received in audience at the office of the Minister of Mines, Antoinette N ‘ SAMBA KALAMBAYI , Thursday, October 28, 2021. They came to present to the Minister, the progress of the works and the progress of the construction of a Gold Refinery in Bukavu, in the province of North Kivu, with a view to refining the raw gold on site in the country. at… Read More Here
Global gold demand declines 7% in Q3 — report 5 Gold International 

Global gold demand declines 7% in Q3 — report

admin
Gold demand (excluding OTC) fell 7% year-on-year to 831 tonnes globally during Q3 2021, according to the World Gold Council’s latest report. This drop was almost exclusively driven by ETFs – which swung from very large inflows in Q3 2020 to modest outflows this year – overshadowing strength in other sectors of demand during the quarter, the Council said. Jewellery, technology and bar and coin were significantly higher than in 2020, data showed. Modest central bank purchases were also a solid improvement on the small net sale from Q3 2020. Jewellery… Read More Here
Gold rises as dollar tumbles, slowing U.S. growth boosts appeal 6 Gold International 

Gold rises as dollar tumbles, slowing U.S. growth boosts appeal

admin
Gold prices rose on Thursday, as demand for the safe-haven asset was lifted by a softer dollar and data showing the U.S. economy grew at its slowest pace in more than a year. Spot gold rose 0.3% to $1,801.43 per ounce. U.S. gold futures settled up 0.2% at $1,802.6. “Economic growth slowed in the U.S. and that would support the gold market in the perspective that the Federal Reserve would be less likely to either taper asset purchases at a quicker pace or the outlook for higher interest rates would… Read More Here
Gold rises 1% on lower U.S. yields, inflation worries 7 Gold International 

Gold rises 1% on lower U.S. yields, inflation worries

admin
Gold prices rose about 1% on Monday, as a retreat in U.S. bond yields and persisting worries about inflation lifted the safe-haven asset ahead of major central bank meetings this week. Spot gold gained 0.8% to $1,805.90 per ounce. U.S. gold futures for December delivery settled up 0.6% at $1,806.80 per ounce. “The main reason for this rally is that yields backed off a little bit … but prices are still kind of range bound,” said Daniel Pavilonis, senior market strategist at RJO Futures. “We have a lot going on… Read More Here
The world’s top 10 gold mining companies 8 Gold International Mining Companies 

The world’s top 10 gold mining companies

admin
The world’s top 10 gold mining companies Unlike paper currency or many other types of assets, gold has maintained its value throughout the ages. First used by cultures in modern-day Eastern Europe in 4,000 BC to make decorative objects, the metal today represents a global business with operations on every continent, except Antarctica. The industry is dominated by a select group of majors. Together, the world’s top 10 gold miners produced 27.48 million ounces (Moz) in 2020, worth approximately $48 billion, according to data from  mining intelligence. North America leading At a country level, China… Read More Here
Gold price up after Fed official downplays chances of imminent rate hikes 9 Gold International 

Gold price up after Fed official downplays chances of imminent rate hikes

admin
Gold prices rose for a second day in a row Wednesdayfollowing commentary from a Federal Reserve official that played down the possibility of imminent interest rate hikes. Spot gold was up 0.7% to $1,783.70 an ounce by 11:50 a.m. EDT, near its weekly high. US gold futures also gained 0.7%, trading at $1,784.10 an ounce in New York. Bullion has fluctuated recently as traders attempt to gauge the pace at which pandemic-era stimulus will be reined in by central banks. Ongoing inflation, driven by the global energy crisis and supply chain constraints,… Read More Here
DRC: copper, cobalt, gold, zinc, ... on the rise this week on the international market 10 Cobalt Copper Gold Mining in DRC Tin 

DRC: copper, cobalt, gold, zinc, … on the rise this week on the international market

admin
All the main mining products of the Democratic Republic of Congo show an upward trend this week, going from October 18 to 23, 2021, on the international market, inform the projections of the Commission Nationale des Mercuriales of the Ministry of Foreign Trade.  Copper is trading this week at $ 9,325.20 per tonne versus $ 9,147 per tonne last week, up $ 178. Likewise, cobalt is up to $ 52,879 per tonne from $ 52,469 per tonne last week, a positive price spread from the Order of $ 410. Zinc… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.