Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi rebels.
Flip through this slideshow to discover which central banks value the yellow metal the most.
The iconic Grasberg mine in Indonesia regained the crown as the world’s biggest gold mining operation in terms of output in 2018.
The Price Of Gold Just Hit A Record High…
Authored by Simon Black via SovereignMan.com,
48 hours ago, the European Central Bank announced a bonanza stimulus package: interest rate cuts, money printing, quantitative easing, the whole nine yards.
Europe’s economic growth has ground to a halt. The German economy actually shrank last quarter, according to official statistics.
So the European Central Bank is throwing everything including the kitchen sink at this problem.
The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in […]
Jim Rickards has forecast the US dollar will falter in the wake of a new financial crisis that may be closer to reality than people think.
Miners are switching to autonomous drones to take care of labour-intensive tasks that require people to climb on stockpiles with GPS equipment, use 3D imaging and laser for inspections, or pilot an aircraft over sites.
According to Israeli company Percepto, miners are making the change because the next generation of autonomous artificial intelligence-powered Drone-in-a-Box or DIB is able to collect, capture and analyze more data across more applications much faster, and at greatly reduced cost.
After two years of debate and consultations, the gold sector has come up with a set of global principles that set out clear expectations for investors and downstream users of what constitutes responsible mining.
Led by the members of the World Gold Council (WGC), an industry body that includes the world’s top producers of the metal, the Responsible Gold Mining Principles (RGMPs) are the result of two years of discussions involving various stakeholders, such as governments, civil organizations, supply chain participants and investors.
Gold allocations of 2%-10% in a typical pension portfolio have provided better risk-adjusted returns than those with broad-based commodity allocations
$946mn worth of inflows last week across all regions, primarily in North America and China.