Latest News & Developments
gold and precious material
Why gold prices are soaring amid global uncertainty
Discover how shifting investor sentiment and central bank strategies are driving gold prices to record highs amid global economic uncertainty.
Record gold prices sparkle for miners thanks to Trump tariffs, yet SA’s economy loses its Midas touch
Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6. 8%, 4. 1%, 3. 1% and 2. 9%, respectively, data from Anchor Capital showed.
Hawks arrest three for illegal trading of precious metals worth R10. 2 million
Three individuals, including a father and son, have been arrested by the Hawks in Gauteng for allegedly trading precious metals.
Harmony Gold poised for strong interim earnings boost amidst soaring gold prices
Harmony Gold anticipates substantial growth in interim earnings up to 42%, driven by higher gold prices and operational excellence, despite rising production costs and increased taxation. The company's strategic investments and disciplined capital allocation have positioned it to capitalize on favourable market conditions.
Gold loves bad news - that's why it's rocketing
The drivers behind this surging gold price include heightened uncertainty and fear of inflation that has been stoked by US President Donald Trump’s threats of tariffs, together with increased demand from central banks.
Gold holds steady near record high, but US monetary stance dampens market
Bullion’s status as an investment safe haven has been reinforced this year in the wake of Donald Trump’s disruptive geopolitical moves, with prices surging by around 11% since January.
Hawks seize R2. 5million gold and other items at a complex in Greenstone, Gauteng
A search at a property in Greenstone Ridge complex led to the discovery of three gold nuggets, suspected gold dust.
Company director and relatives nabbed for counterfeit gold bar scam
The accused allegedly advertised seven 100g Perth gold bars on social media for R120,000 each.
Middle East tension bolsters SA reserves as gold prices rocket
OPINION: It was against this bravado of killing Palestinians with impunity that Israel decided to attack the Iranian Embassy and its compound in Syria on April 1, where they killed, among others, two senior Iranian generals, writes Prof. Bonke Dumisa.
Turkey under pressure to shut down gold mine after landslide
There are growing calls for a Turkish gold mine to be shut down after nine workers have been trapped by a massive landslide that swept through the area.
LOOK: Suspect in possession of chrome worth over R200,000 arrested
The truck driver tried evading arrest, but his efforts proved futile.
Alleged gold dealers nabbed in the Free State
Nine nuggets of unwrought gold worth an estimated value of R3 million was found.
Troublesome drunk leads police to an illegal gold refinery
A drunken man who was provoking people on the street in Gauteng did not think his actions would lead police to uncover what was happening behind closed doors at his place of residence.
US sabre rattling not the root cause for economic woes
OPINION: We must not be misled into believing that many businesses will leave because of recent US’s sabre-rattling. But, the serious business uncertainties linked to Eskom’s unending load shedding will push out many businesses, if there are doubts if the government has the political will to fix this electricity problem.
Analysts call for tight measures on financial system to stop money laundering
International news network Al Jazeera has over the last few weeks been exposing the involvement of high ranking officials in Zimbabwe in gold smuggling.
As South Africa continues to face challenges, gold continues to shine
In 1967 you could buy a dollar for R1 and today it will cost you R19.
Ghana ruling party MPs coalition asks president to sack finance minister
With nearly half of all government revenue going towards interest payments, concerns that Ghana might need to restructure its debt in order to secure a deal with the IMF have further strained market confidence.
Extremely rare golden Kaiser-i-Hind butterflies spotted at nature reserve in SE China's Fujian
Female butterflies of the golden Kaiser-i-Hind, or Teinopalpus aureus, a butterfly species under first-class state protection in China, were recently spotted at the Tianbaoyan national nature reserve in Yong'an city, southeast China's Fujian Province.
Zimbabwe: Banking on gold to fight inflation
OPINION: The new coin bears the image of Victoria Falls, the country's world-famous natural wonder. The strategy behind it is novel, writes Lesley Wroughton.
Zimbabwe to introduce gold coins as local currency tumbles
The central bank governor, John Mangudya, said on Monday that the coins would be available for sale from July 25 in local currency, US dollars and other foreign currencies at a price based on the prevailing international price of gold and the cost of production.
Cops seize Mercedes-Benz AMG and cash from Joburg woman arrested for dealing in gold
The Hawks said a search and seizure warrant was executed and police found illegal gold nuggets weighing about 200g, and seized money and a black Mercedes-Benz A200 AMG for further investigation
Desperate Indians are being forced to sell their family gold to survive the Covid-19 cash crunch
Desperate for cash, many families and small businesses have been putting up gold jewellery - their last resort - as collateral to secure short-term loans to tide them over.
SA forex reserves slip in September as demand for gold slows
The SA Reserve Bank (SARB) yesterday said foreign exchange reserves fell by $1. 35 billion to $57. 05bn in September, from a record of $58. 41bn in August.
Gold rally surges past $2 000, rand draws support from dollar weakness
This $2 000-an-ounce mark, according to market watchers, is a significant psychological resistance level, with gold’s 49-year trend channel resting just below at $1 983 per ounce.
Gold price continues record run surging towards $2000
Gold is gearing up to close out its fifth-straight positive month for the first time in nearly a decade