Tag: Gold price

Gold hits record high amid escalating US-China trade tensions
News

Iran discovers major gold deposit amid crippling US sanctions

Iran has announced the discovery of a major gold deposit at one of the country’s biggest mines for the precious metal, local media reported Monday. The new vein structure was found at the privately owned Shadan gold mine in the eastern province of South Khorasan, which Fars news agency described as “among the country’s most […]

News

Gold prices hit record high at N4.5m per Ounce

Gold prices reached a record high in London on Friday, driven by safe-haven demand amid an approaching election in the U.S. and the European Central Bank’s interest rate cut aimed at boosting spending. Spot gold climbed 40 basis points to $2,705 (N4.49 million) per ounce, while December gold futures rose by 50 basis points to […]