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Senator proposes replenishing Bitcoin reserves with gold: Here’s how it will work
1732395227 from CryptoNWS
Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and…
Gold and Oil Rally Amid Escalating Ukraine Tensions
1732289660 from GOLDSILVER
As the Russia-Ukraine conflict escalates, gold and oil prices surge while the euro weakens. Gold rose 5.4% this week to $2,688 an ounce, and Brent crude gained 4.5% to $74.29 a barrel. The U.S. dollar reached a two-year high as poor economic data and rising European gas prices pressured the euro. Tensions heightened after Russia fired a hypersonic missile into Ukraine, responding to Western weapons support for Kyiv.
Uzbekistan’s October gold exports hit $833 million.
1732283011 from C ASIA
In October 2024, Uzbekistan exported $833.4 million … last year. Key highlights of Uzbekistan’s trade performance: Trade … From January to October, Uzbekistan’s foreign trade turnover reached … gas imports from Russia and Turkmenistan: 2.4 times higher, …
Central Bank Buying Drives Up Gold Prices, Dart Says
1732206018 from BLOOMBERG
Goldman Sachs co-Head of Global Commodities Research Samantha Dart says central bank buying is driving up the price of gold. She sees gold prices hitting $3,000 an ounce by the end of 2025. She's on "Bloomberg Surveillance." (Source: Bloomberg)
China Strikes Gold: 300-Tonne Deposit Found in Central Province
1732205427 from GOLDSILVER
China has unearthed a massive gold deposit worth $83 billion in Hunan province. Geologists discovered over 40 gold veins containing 300 tonnes of gold within 2,000 meters depth at the Wangu gold field. This find could significantly boost China's gold production, which currently accounts for 10% of global output. The Hunan Academy of Geology predicts potential reserves exceeding 1,000 tonnes at depths beyond 3,000 meters.
Gold Shines as Tech Stocks Stumble: Four-Day Rally Continues
1732201749 from GOLDSILVER
Gold prices continued their upward trend for the fourth consecutive day, driven by increased safe-haven demand amid disappointing tech earnings and ongoing geopolitical tensions. Spot gold rose 0.6% to $2,665.31 per ounce, with bullion up 4% for the week. Analysts attribute the surge more to falling stock markets following Nvidia's underwhelming forecast than to the Ukraine-Russia conflict.
UBS Says Gold Is Better Hedge Than Bitcoin
1732184487 from BLOOMBERG
UBS Global Wealth Management chief investment officer Themis Themistocleous discusses the bitcoin rally and what it could mean from a portfolio investment perspective. Bitcoin is "very volatile" and other hedges "like gold" could prove to be "much more effective" and have "lower volatility," Themistocleous tells Bloomberg Television. "It's not an asset that we can recommend to our private clients." (Source: Bloomberg)
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project
1732172473 from FPOST
Serabi Gold Files NI 43-101 Technical Report for the Coringa Gold Project Serabi Gold (AIM:SRB, TSX:SBI; OTCQX: SRBIF) the Brazilian focused gold mining and development company, is pleased to announce that it has publicly filed its detailed Technical Report (the “Technical Report”) of its updated preliminary economic analysis (“PEA”) and updated mineral resource estimate (“Mineral […]
GoldQuest Completes C$8.7 Million Private Placement
1732141755 from FPOST
VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) — GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to announce the successful completion of a non-brokered private placement (the “Private Placement”), raising gross proceeds of C$8,698,950.88 through the issuance of 45,783,952 common shares of the Company at a price of C$0.19 per share. Following […]
Rare coin issued after the California Gold Rush sold at auction for $1.4 million
1732123689 from FPOST
LOS ANGELES (AP) — Avid coin collectors jumped at the chance to get their hands on a rare $20 “double eagle” gold coin at a Southern California auction house Tuesday afternoon, but only one walked away victorious after paying a hefty price. The gold piece — minted in Carson City, Nevada, in 1870 — sold […]
ZAMBESI GOLD TAKES ACTION TO PREVENT HUMAN TRAGEDIES
1732104021 from MINING
DORINGKRUIN, KLERKSDORP, SOUTH AFRICA, November 20, 2024 /EINPresswire.com/ -- Zambesi Gold has launched a groundbreaking Artisanal Miner Enrollment Program aimed at legalizing illegal mining activities and saving lives in the process. This bold …
Gold reserves of Kyrgyzstan exceed 4,000 tons, only 1,000 tons confirmed - Nature Ministry
1732064103 from C ASIA
Gold reserves of Kyrgyzstan exceed 4,000 tons, only … .COM - Gold reserves of Kyrgyzstan amount to more than 1 … ; Satybaldiev explained. He added that Kyrgyzstan has promising areas related to …
Miners’ Plights at FG Gold Mining
1732063557 from MINING
… Local miners of one of Africa’s large scale commercial Gold mining … violates Part XIX of the Mines and Minerals Development Act of … allegations against the FG Gold mining company intensifies, there is urgent … of Labour to visit the mining site to address what …
3 High-Potential Gold Mining Stocks to Hedge Against Inflation
1732057876 from MINING
… could consider fundamentally solid mining stocks Agnico Eagle Mines Limited (AEM), … fundamentals of the top three Miners – Gold stocks, starting with … stocks in the B-rated Miners – Gold industry. To check … stocks in the B-rated Miners – Gold industry. To check …
Golden Minerals Reports Third Quarter 2024 Financial Results
1732055191 from FPOST
GOLDEN, Colo. — Golden Minerals Company (“Golden Minerals,” “Golden” or the “Company”) (NYSE-A: AUMN and TSX: AUMN) has today released financial results for the quarter ending September 30, 2024. (All figures are in approximate U.S. dollars.) Third Quarter Financial Summary The Company recorded no revenue related to gold and silver in doré, but recorded revenue […]