World News by Wild Rose

Tanzania's state miner STAMICO plans three new mines, two for gold and one for graphite, after revenue reached US$56.2 million in 2025/26. The post Tanzania’s State Miner Plans 3 New Mines appeared first on The Rio Times.

Distinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would...

Gold held near US$4,168 on Friday 16 October while silver fell 0.8%, as hopes for a Fed pause met rising oil. Gold miners rose 0.79%. The post Gold Fund Slips 0.18% as Silver Fund Falls 0.79% | Gold & Silver, Oct 16 appeared first on The Rio Times.

Beijing’s gold purchases reflect a shift away from reliance on US dollar assets, experts say.

Wall Street rebounded, the dollar slipped and gold gained 1.07% to US$4,156, even after US producer prices rose 1.3%. Friday's data and Brazil's real in focus. The post Dow Gains 1.08% as Dollar and US Yields Ease | Global Economy, Oct 16 appeared first on The Rio Times.

Gold and silver rebounded on Thursday 15 October: the GLD gold fund rose 1.79% to US$382.71 and the SLV silver fund 3.39% to US$51.92. The post Gold Fund Rises 1.79% as Silver Fund Jumps 3.39% | Gold & Silver, Oct 15 appeared first on The Rio Times.

Bolivia aims to boost private gold exports while increasing dollar inflows to domestic banks in a reform backed by President Rodrigo Paz that ends a three-year-old system overseen by the central bank.

US consumer prices rose 3.7% over 12 months in September, above forecasts, while stocks, gold and silver fell and Fed rate hike odds rose. The post US Inflation Hits 3.7% as Gold, Silver Fall appeared first on The Rio Times.

Kazakhstan’s central bank is switching from being one of the world’s biggest buyers of gold to a seller, as high Treasury yields reinforce the need to rebalance its reserves.

The Dominican Republic economy, worth about US$127.9 billion, is shaped by three big banks, the state, old family groups and dollars from tourism and gold. The post Who Runs Dominican Republic’s Economy in 2026 appeared first on The Rio Times.

The Directorate of Revenue Intelligence intercepted a car travelling from Kolkata to Hyderabad and arrested two persons for smuggling the gold, believed to have entered via the India-Bangladesh border

Ethiopia opened a national gold refinery in Addis Ababa on 10 October. Abiy Ahmed says it could support up to US$80 billion in exports a year. The post Ethiopia Opens Gold Refinery With 600-Tonne Capacity appeared first on The Rio Times.

Peru resources explained: copper, silver, zinc and gold, plus gas, fishmeal and fruit, who profits and the environmental cost, as of October 2026. The post Peru Natural Resources Explained 2026 appeared first on The Rio Times.

Gold traded near a nine-week low as fresh tensions in the Strait of Hormuz heightened war-driven inflation concerns and investors weighed prospects for at least one more US rate hike this year.

Officials from Hong Kong and Singapore pitched rival plans to create gold trading hubs in Asia, underscoring fierce competition to secure new business and capitalize on strong demand for the precious metal.

Gold and silver gained on 6 October as the US dollar index fell 0.22% and Treasury yields eased. Fed minutes on Wednesday are next. The post Gold Rises 0.4% to US$4,151 as Dollar Slips | Gold & Silver, Oct 6 appeared first on The Rio Times.

Silver rose 1.5% to about US$61.24 an ounce on Monday while gold edged up to about US$4,143, as US services prices hit a four-year high. The post Silver Gains 1.5% to US$61.24 as Gold Edges Up | Gold & Silver, Oct 5 appeared first on The Rio Times.

Colombia exports rose 15.1% to US$4.46 billion in August 2026, DANE said on 5 October, as gold, coal and oil sales grew while coffee fell. The post Colombia Exports Rise 15.1% in August on Gold and Coal appeared first on The Rio Times.

Gold edged up after its biggest weekly drop since June, as traders weighed the impact of a slowdown in the US jobs market and higher bond yields on the Federal Reserve’s path for interest rates.

Gold fund GLD fell 0.68% and spot silver slipped 0.12% to US$61.07 on Friday as the US 10-year Treasury yield rose to 5.28% after weak jobs data. The post Gold ETF Falls 0.7% as Silver Dips 0.1% | Precious Metals Report, Oct 2 appeared first on The Rio Times.

Perhaps no story illustrates the secret of China’s industrial success better than its rise as the world’s gold superpower. China has revered the metal for millennia, yet it has never had a gold-based economy. Its own deposits were simply too scarce. In 1975, as China began its economic modernisation, it desperately needed gold to fund reform and build up foreign reserves. Despite its best efforts, it produced a meagre 13.8 metric tons a year. South Africa, then the undisputed king of gold,...

Gold Fields Ltd. is considering a sweetened takeover bid for Northern Star Resources Ltd., according to people familiar with the matter, as the South African miner seeks to overcome resistance to a deal that would create the world’s second-largest gold producer.

Junta leader Ibrahim Traoré wants the country to profit more from its mineral wealth.

Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss.

Gold is sinking as oil spikes, real yields rise, and markets price in more Fed hikes—even as China, Asia, and emerging‑market central banks quietly load up on bullion. In today's metals spotlight , Nicky Shiels, MKS Pamp Head of Research and Metals Strategy joins us to unpack gold’s short‑term pain, long‑term bullish case, and why retail money has ditched gold for speculative AI stocks. (Source: Bloomberg)

The Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...

Hong Kong’s plan to raise its gold holdings will further cement the city’s status as an international financial centre, with the possibility of building vaults in the Northern Metropolis megadevelopment, according to authorities. Financial Secretary Paul Chan Mo-po also said on Thursday the city was under “no pressure” to raise interest rates following a US rate hike, but stressed authorities would “keep a close watch” on the situation. Speaking at a conference the day after the policy address...