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FILE: Gold was trading at $2,018. 44 an ounce as of late Tuesday afternoon. Picture: 123rf.com

Gold

Gold trades at near record high as GDP sees an increase too

By Ray White

This comes with the news that Stats SA has on Tuesday reported a significant increase in gross domestic product (GDP) of 4.9% for last year.

  • FILE: Overall, "gold drew direction chiefly from inflation and interest rate expectations in 2021", the WGC concluded. Picture: 123rf.com

    Gold demand soars on economic rebound, inflation surge: industry

    Viewed as a haven investment in times of economic unrest, gold saw demand surge 50 percent in the final three months of last year compared with the October-December period in 2020, the World Gold Council said in a report.

    149 days ago
  • Stefano Marani, 43, CEO of Renergen company, stands in front of shaft 4 at Renergen’s Gas Project site in Virginia, Free State, on 22 September 2021. Picture: LUCA SOLA/AFP

    Natural gas prospectors strike it lucky with massive Free State helium find

    Renergen is almost ready to start producing both natural gas and helium, placing South Africa on an elite map with helium reserves that could be the richest and cleanest in the world.

    249 days ago
  • In this handout photograph released by the Central Industrial Security Force of India on September 29, 2021 shows a scale with gold paste packs recovered from the rectum of a smuggler, in Imphal. A smuggler who stashed nearly one kilo of gold paste in his rectum to get the precious metal past Indian customs has been arrested, officials said on September 29. Picture: Central Industrial Security Force of India / AFP.

    Man caught with kilo of gold paste in rectum in India

    India is the world's second-largest gold consumer and experts say smuggling has increased in recent years, including by converting the precious metal into paste form.

    270 days ago
  • Handcuffs. Picture: @SAPoliceService/Twitter.

    21 suspects arrested in Gauteng for running illegal gold processing refinery

    The suspects were arrested on Thursday near a Riverbank in Randfontein, west of Johannesburg.

    316 days ago
  • FILE: Picture: AFP.

    Mali seizes $8.5 million of gold hidden in car

    The 143 kilograms of gold was en route to neighbouring Guinea.

    552 days ago
  • Picture: 123rf.com

    Gold hits record high of $1,930 per ounce on haven demand

    With the cornavirus showing no sign of letting up, traders have been flocking to gold, which is seen as a safe bet in times of crisis and uncertainty.

    700 days ago
  • Picture: Pixabay.com

    Gold worth nearly R15m goes missing from Zim police station

    The gold had been kept at the station since it was seized from a suspected smuggler three years ago.

    1409 days ago
  • img-5258jpg

    [WATCH] Truck spills 'gold' on Joburg highway

    There has been traffic chaos on the M2 east highway in Johannesburg as commuters search for what they said was gold, spilled from a truck.

    1594 days ago
  • A miner. Picture: AFP

    [LISTEN] SA has only 39 years worth of gold left

    Mining analyst and MD at Creative Voodoo, Mamokgethi Molopyane says South Africa's depleting gold reserves will have a negative impact on employment in the sector.

    1620 days ago
  • goldjpg

    SA geologist develops technique to 'grow' gold using wheat (we’re not kidding!)

    Using wheat to “grow” gold has won Tshiamo Legoale (27) a global science competition. She refers to herself as a “gold farmer”.

    1840 days ago
  • Bitcoin.png

    Bitcoin overtakes gold for the first time

    The price of one Bitcoin climbed above the price of one ounce of gold for the first time ever last week.

    1939 days ago
  • Police arrested a 31-year-old male suspect man with unwrought gold worth R50 Million stashed in his car engine. Picture: SAPS.

    Hawks bust man with gold worth R50m stashed in car engine

    The suspect was arrested on Monday evening in Springs, after Hawks members received a tip-off.

    2189 days ago
  • Picture: WikiCommons.

    Man arrested with gold bars worth R7m at OR Tambo

    Customs officials discovered 17 bars and three discs of gold in the man’s luggage on Sunday.

    2232 days ago
  • FILE: It’s the second major bust in Durban in recent days. Picture: AFP.

    Man busted with 48 gold bars hidden in his pants

    Officials say the man was caught with the gold bars weighing 5,6kg.

    2397 days ago
  • Unions solidarity and Uasa have indicated that they intend accepting this offer. Picture: AFP.

    Settlement in gold wage talks on the horizon

    An offer of between 10 and 13% increase for workers has been put on the table.

    2460 days ago
  • The Chamber of Mines President Mike Teke alongside his delegation during wage talks on 5 August 2015. Picture: Govan Whittles/EWN

    Stalemate in gold mining wage talks

    NUM has rejected the final wage offer from companies across the country.

    2517 days ago
  • FILE: The European Parliament voted 402 in favour versus 118 against with 171 abstentions. Picture: imgkid.com

    EU lawmakers seek ban on “blood metals”

    The European Parliament voted to ban all products that contain “blood metals” sold by African warlords.

    2594 days ago
  • FILE: Millions of rands in copper cables and gold have been seized at the Beitbridge border post. Picture: AFP

    R20m in gold seized at Beitbridge border

    Sars confiscated gold valued at more than R20 million along with stolen copper cables worth R10,000.

    2602 days ago
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