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...
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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 interest rates to contain...
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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 the...
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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’s underground vaults in...
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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, people had...
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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 per ounce, as of...
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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 data and the policy meeting next...
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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 an interview...
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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...
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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...
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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 markets. Gunmen from...
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