Global official gold reserves represent 17% of world’s stock
Central banks and supranational organizations such as the IMF currently hold 34,000 tonnes of gold.
Latest Stories
Sprott faces operations challenges at Chile mine
Shares of Sprott Resource Holdings plunged nearly 20% on the TSX at market open Thursday.
Trevali halts Canadian zinc mine amid covid-19 outbreak
The Caribou mine in New Brunswick has been in continuous production since 2015.
Rio Tinto raps Australian lobby group for coal support
Rio Tinto has found several cases where Australia's biggest mining industry body advocated for thermal coal in contravention of 2015 Paris climate goals.
The gold market is being tested like never before
Worldwide panic over the coronavirus outbreak and a flood of stimulus by central banks has ignited demand for one of humanity’s oldest methods of storing wealth.
Glencore closes operations in four countries over coronavirus curbs
Glencore joins peers such as Anglo American, Antofagasta, Codelco and Teck Resources in temporarily closing or slowing some operations.
CME’s new contract no quick fix for gold market turmoil, traders say
CME said it would announce the launch date for the new contracts this week.
Sandvik to cut costs due to coronavirus impact, reduces dividend
Short-term actions primarily related to reduced working hours could save about $148 million this year.
Vale to battle coronavirus with thermal cameras
The cameras will be imported from Sweden and China and begin arriving at the end of March.
