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The Latest Breaking News from Gold

Investors Navigate Uncertainty by Seeking Refuge in Gold and Oil

Market uncertainty fuels investor interest in gold and oil as safe havens, driving significant gains in related ETFs.

MarketBeat

Why hundreds of miners are still trapped and starving in an abandoned South Africa mine

South African authorities have ome under intense scrutiny for their response after civic groups said hundreds of miners have been trapped deep in an abandoned gold mine for months

The Independent UK

Dozens Rescued, 15 Bodies Pulled From South Africa Mine

Over two dozen illegal miners were rescued and at least 15 bodies recovered from an abandoned gold mine in South Africa, as operations continued for a second day Tuesday to reach more people who have been underground for months.

International Business Times

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Lightning strikes make collecting a parasitic fungus prized in traditional Chinese medicine a deadly pursuit

In the remote Qinghai-Tibetan Plateau, a rare fungus grows inside dead caterpillars. In traditional Chinese medicine, this parasitic fungus is prized for its purported medicinal effects. Known as Ophiocordyceps sinensis – colloquially, caterpillar fungus or “Himalayan gold” – it can fetch astronomical prices on the herbal medicine market: up to…

The Conversation

Interpol cracks down on illegal mining in West Africa as police make 200 arrests

Interpol says a major operation targeting illegal gold mining in West Africa has resulted in 200 arrests and the seizure of harmful chemicals, explosives and drugs

The Independent UK

Record gold prices and premium watch sales boost profit for Ramsdens

Chief executive Peter Kenyon said pre-owned premium watches, particularly Rolex, were selling well.

The Independent UK

Rescue Operation Launched At Abandoned South African Gold Mine

South African government launches rescue operation at abandoned gold mine where 109 miners are reported dead. Illegal mining industry challenges and safety...

Top News

Tragic Deaths In South African Illegal Gold Mine

Tragedy unfolds in South African gold mine as over 100 illegal miners face starvation and dehydration. Rescue efforts continue amidst challenges.

Barchart

Dollar Rises and Gold Tumbles on Diminished Fed Rate Cut Expectations

The dollar index (DXY00 ) Monday rose by +0.23% and posted a new 2-year high. The dollar on Monday had carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the chances of Fed rate cuts. Also, higher bond yields on Monday strengthened the dollar’s interest rate differentials...

The Independent UK

At least 100 die after becoming trapped for months in gold mine

Police cut off the miners’ food supplies in an attempt to force them out

The Guardian - UK

South Africa launches operation at illegal gold mine amid fears many dead

Phone video shared by mining NGO appears to show dozens of wrapped bodies in underground tunnel

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International Business Times

Operation To Pull Out Illegal Miners From Abandoned S. African Pit

Rescuers on Monday hoisted seven illegal miners and at least four bodies from an abandoned South African gold mine amid claims that hundreds were still underground and many had died.

The Independent UK

Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue

Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press

International Business Times UK

Here's Why Shark Tank's Mark Cuban Prefers Bitcoin Over Gold During a Major Economic Crisis

Cuban believes Bitcoin is an upgraded version of gold in terms of store of value and can be more portable and exchangeable than the precious metal during economic downturns.

The Independent UK

It’s amazing – Sifan Hassan relishing London Marathon return after dream debut

The Ethiopian-born Dutch athlete claimed victory in 2023 in what was her first-ever marathon.

Barchart

Dollar Climbs and Gold Slides on Reduced Fed Rate Cut Expectations

The dollar index (DXY00 ) today is up by +0.29% and posted a new 2-year high. The dollar has carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the chances of Fed rate cuts. Also, higher bond yields are strengthening the dollar’s interest rate differentials as the...

Evening Standard

Absolutely no intention of using cyanide in Co Tyrone gold mining, inquiry told

The assurance was given by mining company Dalradian during the first day of the inquiry in Co Tyrone.

Evening Standard

Protesters demonstrate ahead of first sitting of gold mine public inquiry

An application has been made to mine for gold in the Sperrin mountains in Co Tyrone.

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