SwissAid's report exposes a major issue: $35 billion worth of African gold is smuggled into the UAE annually, fueling illegal trade due to lax enforcement and loopholes.
Tags: Gold
Mining Companies Race to Greenland's Mineral Gold Rush as Ice Melts
Greenland's melting glaciers expose valuable minerals like titanium and lithium, attracting mining companies, but challenges remain with infrastructure and Greenland's independence.
Gold Hits $2,640 as Central Banks Buy More Over Rising Demand for Safe Investments
Gold prices surged by 27% in 2024 over safe-haven demand during market uncertainty, with traders eyeing US interest rate cuts to guide further movements.
Rising US Debt Levels and Economic Instability Fuel Gold Price to New Record High of $2,700 per Ounce
Gold prices have surged to $2,729 per ounce, with experts predicting further increases due to rising US debt and central bank purchases.
Gold Hits Record Highs of $2,540.8 per Ounce, Analysts Predict $3,000 by 2025
As of August 19, gold prices have hit new highs, with spot gold at $2,508.14 per ounce and U.S. futures at $2,540.8 per ounce, amid rising expectations that prices could reach $3,000 by mid-2025.
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Silver has surged past $30 an ounce, outpacing gold with a 29% increase this year, driven by strong financial and industrial demand and a projected market deficit.
Mini gold bars are selling like hot cakes in South Korea's biggest convenience store chain, CU.
Costco has found a lucrative venture in selling gold. Analysts at Wells Fargo estimated monthly sales to reach as much as $200 million.
Hong Kong officials confiscated an estimated $10.7 million worth of gold disguised as machine parts being shipped to Japan.
Gold surged above $2,300 an ounce for the first time Thursday. Gold surged above $2,300 an ounce for the first time Thursday amid mounting concerns over inflation and economic instability.
Gold prices surged to a new all-time high on Thursday, and experts predict they will rise further. Gold prices surged to a new all-time high on Thursday, signaling a continued rally driven by some factors, such as increased bullion buying by central banks.
The Middle East's geopolitical instability has fueled gold price hikes, with investors anticipating a Federal Reserve rate decrease.
Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion.
Gold has achieved a new record high, accompanied by a notable surge in the value of Bitcoin. Gold has achieved a new record high, accompanied by a notable surge in the value of Bitcoin, signaling a shift in investor strategies influenced by changing interest rate expectations, according to BBC.
