Gold Climbs this week to 58.89 USD per Gram

The general trend of mining products exported from the Democratic Republic of Congo (DRC) is downward for the period from March 6 to 11, 2023 on the international market.

According to the projections of the experts of the National Commission of Mercuriales of the Ministry of Foreign Trade, gold and tantalum are the two Congolese products which should register a price increase this week.

During this period, gold is expected to trade at $58.89 per gram versus $56.16 per gram last week, a positive price difference of around $2.73.

For its part, tantalum is expected to sell at 385.00 USD per kilogram this week against 384.00 USD the same amount a week earlier, a slight increase of 1 USD, inform the projections of experts from the National Commission of Mercurials.

In addition, all other commercial mining products, namely copper, cobalt, zinc, tin and silver, should trade downwards on the international market during the period under review.

These commodities will trade respectively at $8,905.05 versus $8,999.65 for copper; cobalt at 33,504.00 USD against 35,012.00 USD per ton last week; zinc is expected to fall slightly to $3,054.75 from $3,090.85 a tonne a week ago.

This downward trend will also be observed for products such as tin which should be at 26,309.00 USD per ton this against 26,681.00 USD last week and silver should also fall at 0.69 USD against 0 .70 USD per gram.

It should be noted that in the first 45 days of the current year, Primera Gold, a joint venture between the United Arab Emirates (55%) and the Democratic Republic of Congo (45%), exported 207 kilograms of ‘gold.

The rise in gold should make up for the void left by the fall in cobalt and copper which have been watching a decline in the international market for some time.