gold

Gov't To Review Gold Related Policies

Goverment review all policies regarding gold

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.

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Gold Managers Advices Caution Despite Huge Gains

Gold Managers Advices Caution Despite Huge Gains

Despite overwhelming profits from gold this year, gold managers suggest caution to possible risks of deficit.

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India's Emerging Middle Class

India's New Jewelry Tax Poses Major Threat To Gold Market, Sparks Protest From Jewellers

India’s gold market is threatened as the government revealed a new jewelry tax regulation, requiring a 1 percent sales tax on gold jewelry. Import taxes has not been changed, even though jewellers have expected the government to eliminate the 10 percent import duty.

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A pipe leads to a processing facility at Barrick Gold Corp.'

Barrick Gold is Facing a $9.3 Million Fine Over Cyanide Spill in Argentina Last Year

Due to a cyanide spill in a mine in Argentina, Canadian-owned Barrick Gold is facing a fine of $9.3 million imposed by the local government. Nine current and former employees are also being held as defendants over accusations of negligence that caused the spill.

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Investing In African Mining Indaba

South Africa's Manufacturing and Mining Output Contract, Slow Down Economy Even More

South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.

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Illegal Gold Mining

South Africa's Deteriorating Gold Industry and Economy

South Africa's gold industry is degenerating along with its economy. With the shut down of many gold mines, many workers are laid off leaving them no jobs and no food. This forces them to mine illegally and make their lives in jeopardy.

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Controversial Marange Diamond Fields, Chiadzwa, Zimbabwe

Zimbabwe Government Robbed of Wealth, Takes Control of Diamond Mining Fields

The Zimbabwe government will now take control all of the mining fields in the country as the state is being robbed of its wealth. Billions of dollars have been stolen from the nation's treasure chest because of smuggling and swinding according to President Mugabe.

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TIDAL X: Jay-Z B-sides in NYC

Jay Z faced with more than $18 million lawsuit for his fragrance sales

The lawsuit claims a penalty of $18 million as well as the returning of $2 million royalty payment because Jay Z was not abiding by the agreement that he would promote his signature fragrance. Parlux Fragrances claimed that they have lost millions from potential sales and development costs and demanded a compensatory fine.

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Brokerage house

Asian stocks tumble as commodity fall continues on thin volumes

Asian stocks dropped on low trading volume as commodity producers followed fall in industrial metals and crude oil. Investors and institutions are in the wait and watch mode ahead of US Fed's meeting in December.

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Gold

Gold down to its lowest for three weeks as investors look for Dec Fed hike

Gold prices are at their lowest in three weeks after the Federal Open Market Committee announced that they won't push through with the interest rates hike.

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Gold

Shanghai Gold Exchange allows gold, other securities as collateral trading

The Shanghai Gold Exchange (SGE) has allowed using physical gold and other securities as collateral on futures contracts trading. The move is aimed at increasing volumes and attracting investors from other markets.

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Gold coins

Zen Gold Turns Investment into Dust, Tony Hetherington shares experience

Gold Distribution and Gold ATM Vending Company, Zen Gold, is under heavy fire from Tony Hetherington. The British Entreprenuer claims that his investment in the gold company turned to dust.

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Gold

High market volatility forces investors turn to cash, gold

The stock markets last week witnessed shifting of priorities to gold and money markets funds as high volatility make equity markets uncertain following the steep fall of over nine percent on Chinese market on opening day of the week Monday. This has led to record outflows from equity funds during the week.

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Medical Marijuana Dispensary

From digging low to getting high: Junior miners pivot to medical marijuana as commodities hit bottom prices

Prices of various precious metals have dropped, hitting junior miners. This prompted the junior miners to venture on various unconventional options, ranging from exporting eggs to farming medical marijuana.

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Gold

Gold slides 1 percent to five-year low as investors pull back

Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fueled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.

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