Category: 6. Business

An A$800 million Australian mining company announced this week it is hedging exposure to gold and diesel prices for production in the 2025 calendar year. Pantoro, which referred to the move as a “gold price protection facility” fostered… Continue Reading

Bank of Israel Governor Prof. Amir Yaron opened his remarks at the press conference following the Monetary Committee’s decision, which he heads, to leave the interest rate unchanged at 4.5% by saying, “The State of Israel is in a… Continue Reading

The Czech National Bank (CNB) has continued its gold-buying spree, adding another 1.6 tonnes to its reserves in September. This marks the 19th consecutive month of gold purchases by the CNB, bringing its total gold holdings to over 46… Continue Reading

In a recent interview, financial expert Clive Thompson painted a stark picture of the global financial landscape, warning of an impending currency reset that could reshape the world economy. With the dollar’s value plummeting against gold… Continue Reading

The Bank of Israel Monetary Committee has announced that it has kept the interest rate unchanged at 4.5%. This is the sixth successive time that the Bank of Israel has left the interest rate unchanged, after cutting it from 4.75% in… Continue Reading

The Bank of Israel kept interest rates unchanged on Wednesday for the sixth straight meeting, staying cautious as Israel’s year-long war with Hamas in Gaza and fighting with Hezbollah in Lebanon accelerates inflation and weakens economic… Continue Reading

With $6 trillion sitting idle in U.S. money market funds, two World Gold Council strategists see a continuing upside for the yellow metal, which experienced a sizable rally to all-time highs in 2024. But they’re also hearing about some… Continue Reading

At the beginning of this week, against the backdrop of the setting of the date for approval of the 2025 budget by the government, Minister of Finance Bezalel Smotrich sent a letter to the head of the Budgets Division in his… Continue Reading

China’s Zijin Mining Group announced Wednesday that it will purchase the Akyem Gold Mine Project in Ghana from Newmont Corp. (NYSE:NEM) for $1 billion. Newmont said it has participated in an ongoing strategy to divest from non-core assets… Continue Reading