At least 1.1 tonnes of gold mined in the Democratic Republic of Congo was smuggled last year into countries along the eastern border, costing the impoverished nation’s millions of dollars in tax revenue and funding conflict and criminal networks, a United Nations Group of Experts report shows. DRC Gold The DRC government could have earned…
The pandemic has wreaked havoc on the global economy and one portfolio manager said that investors have to have a flexible and dynamic portfolio to navigate the growing uncertainty brewing in financial markets. Gold price today In an interview with Kitco News, Richard Laterman, portfolio manager at ReSolve Asset Management, said that gold should play…
Gold slipped further on Wednesday as economies across the world try to return to normalcy after a long period of lockdown, drawing investors towards riskier assets — even as the number of covid-19 cases continues to spike. A stronger US dollar and expectations that gold supply will grow once bullion refineries resume operations also exerted…
What exactly does it mean when pundits say that gold is a “store of value” and “hedge against inflation”? In this article we’re diving deep into these questions and discussing how gold has performed over time, not only measured in US dollars but in other currencies. The latter is important, after all, since 95% of…