The US has imposed sanctions on several companies based in Hong Kong and the UAE for involvement in the trade of gold produced by a sanctioned Russian miner.
The gold mining industry struggles to ramp up gold production due to declining deposits, financing, and regulatory challenges as gold prices increase.
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.
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 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, and experts predict they will rise further.
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.
The government will be reviewing all the gold policies in the country because the import of the of it has dipped low in the first half of the year to 2017.
Despite overwhelming profits from gold this year, gold managers suggest caution to possible risks of deficit.
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