UK Seizes $1bln of Gold from Venezuela, Russia Says
The United Kingdom has de facto seized $1 billion of gold stored in its bank from Venezuela at a time when the Latin American nation is grappling with the pandemic.
Decreasing Purchasing Power in Turkey, Pushes for ‘Syrian Gold’
The escalating price of gold in Turkey, in tandem with the global market and the decrease of purchasing power, has led to an influx of products from Syria.
Gold Rushes As Pandemic Rages Indian economy
Indians are returning to one of their oldest assets amid a raging pandemic that was preceded by a banking crisis.
Russia Boosting Gold Holdings
Russia’s total foreign holdings are now above the $500 billion targets set by the Central Bank of Russia a few years ago.
Gold Prices Climb as Second Coronavirus Wave Comes
Gold prices climbed to its highest level in nearly eight years on Wednesday, as demand for the safe-haven asset was boosted by worries over a surge in coronavirus infections.
Iran Receives Money for Gasoline Sold to Venezuela
A member of Iran’s Expediency Council said the country has received money from Venezuela for selling gasoline with five oil tankers.
Gold prices jumps over 2%
Gold prices climbed more than two percent on Monday to their highest since February 2013, as spikes in coronavirus cases in several countries outside China deepened worries about a hit to the global economic growth.
Iran among top producers of jewelry
Iran is among the world’s top seven producers of gold and jewelry, but it has to work its way through the ranks to win a position as an exporter.
Iran hosts top gold producers
Head of Iran Gold and Jewelry Producers and Exporters Union Esfandiar Seifi said 130 companies from Iran, Turkey, Italy, Germany, Britain, and Japan are participating in the exhibition held through Feb. 12, 15.
Mouteh Gold Mine Production: 254kg in 9 Months
Production of Mouteh Gold Mine in Isfahan Province amounted to 254 kilograms in the nine months ending December 21, 2019.