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Zimbabwe: World Bank Warns of Gold Price Decline
Financial Gazette, 16 March 2017
GOLD prices are expected to hit a two-year low, trading at under US$1 000 an ounce this year owing to projected low demand from jewelleries, industries and retailers at the back of… Read more »
Can Africa's Precious Diamonds, Gold Become Worthless?
Do you understand how the price of gold and diamonds is determined? Now that the World Bank has warned of a decline in the price for at least two years, it is crucial to follow the process. With some alleging this is because of a low demand on the precious minerals, others call it manipulation.
InFocus
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Despite the high number of gold panners losing their lives daily in Africa, several Ugandans are ignoring health and safety in search of the precious metal. Read more »
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The government has been contemplating to include the precious stones in national foreign reserves at the Central bank instead of gold which is shunned due to price instability. Read more »
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Malam Nasir El-Rufai has said the raw gold deposits in one area of Kaduna State is more than the entire mineral deposit in South Africa. Read more »
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President Yoweri Museveni has launched a newly-built $20 million African Gold Refinery, the first of its kind in the region, which has the capacity of processing up to 300kg of ... Read more »
