Gold price

22 Jan

Ghana Faces ‘Looming Crisis’ Over Illegal Mining As Gold Prices Surge – Al Jazeera Report

CUD Wontumi0 CommentsBusinessGold price, Illegal Mining

When activist Oliver Barker Vormawor saw reports in September that Ghana’s water agency would not be able to supply some parts of the country with water due to extreme contamination of main rivers from small-scale mining activities, he knew he had to do something. Later that month, Vormawor and dozens of other concerned Ghanaians took to the streets in the capital city, Accra, to protest against what they said was President Nana Akufo-Addo’s inaction to stop a “looming environmental catastrophe”. They were determined to put the matter on the ballot ahead of the hotly contested December general elections. But rather…

12 Apr

Gold Price Retreats Below $2,000 On Strong US Jobs Growth

wontumionlineBusiness, NewsGold price

Gold prices retreated on Monday as the dollar advanced on Friday’s strong US jobs numbers, while traders also positioned for inflation readings this week which could influence the Fed’s interest rate decision. Spot gold fell 1% to $1,988.25 per ounce by 1:00 p.m. EDT, back below the key $2,000 level, while US gold futures were down 1.1% to $2,004.50 per ounce in New York. Meanwhile, US Treasury yields rose following last week’s jobs report that showed a still strong pace of hiring in March, likely giving room for the Federal Reserve to hike rates again. “Lower yields previously gave metals…