Cyprus bewitched by the lure of gold
We often hear about the high price of gold. But it’s only after looking at the relevant charts (here, for instance) that you realise what a truly historic moment ...
In times of trouble investors turn to reliable gold
Gold has taken centre stage in recent economic developments, as its value has risen steeply. Since the beginning of 2024, gold prices have increased by more than 60 per cent, reflecting the ...
Man arrested for unexplained possession of gold jewellery at Paphos airport
A 38-year-old man was arrested at Paphos airport after a quantity of gold, for which he could not provide an adequate explanation, was found in his hand luggage, the police ...
Brazilian police bust gang that moved 3 tonnes of illegal Amazon gold
Brazilian police carried out a wide operation against illegal mining in the Amazon on Monday, raiding a criminal organisation that financed the production and sale of 3.1 tonnes of gold whose ...
Attack on Israel boosts appeal of gold, safe-haven assets
The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to ...
Over 60 permits issued to prospect for gold
Authorities have awarded 61 permits for gold prospecting on the island, while another 15 applications are pending, a report published by Politis on Tuesday said.
Prospecting activities cover a combined area of ...
Cyprus mining company to list on London Stock Exchange
Ariana Resources, a mineral exploration and development company with gold mining interests in Europe, this week released a financing and initial public offering update on Cypriot mining company Venus Minerals.
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Viability of gold mining in Cyprus still open to question
Cyprus gold deposits may get highlighted in periodic announcements by prospecting companies but the viability of gold mining on the island is far from confirmed, experts said on Monday.
In ...
Gold subdued as US data backs Fed rate stance
Gold edged lower on Friday as robust US economic data was seen as fodder for the Federal Reserve to keep interest rates high for longer, but caution ahead of inflation ...
Gold edges higher as investors weigh Fed slowdown chances
Gold prices inched higher on Thursday as investors weighed the chances of the US Federal Reserve slowing its pace of interest rate hikes.
Spot gold was up 0.3 per cent at $1,908.69 ...
Second-hand jewellery sales to be taxed
Lawmakers on Monday began discussion of a bill seeking to tax the sale of second-hand jewellery and precious metals.
In recent years, particularly in the wake of the 2013 financial crash, ...
London’s High Court rules against Venezuela’s Maduro in $1 bln gold battle
London’s High Court has rejected President Nicolas Maduro’s latest efforts to gain control of more than $1 billion of Venezuela’s gold reserves stored in the Bank of England’...
With inflation, gold notes and cards find their way into America’s wallet
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the US dollar.
To help protect against ...
Gold set for worst year since 2015 on fading safe-haven demand
Gold was set for its worst year since 2015 on Friday as a global economic recovery caused safe-haven flows into the metal to ease and as central banks prepared to raise ...
Exploratory drilling for copper launches
Venus Minerals Ltd, a Cyprus-based exploration company, has started exploratory drilling for copper in Kokkinoyia, one of its licence areas, it announced on Tuesday.
The company said drilling at the ...