Gold rises sharply on Fed interest-rate outlook

Gold futures jumped the most in 14 weeks as the Federal Reserve said U.S. interest rates will remain low, driving the dollar lower and boosting demand for the precious metal as an alternative investment.

According to Bloomberg, the greenback fell … Read the rest

The modern economy depends on 60+ obscure metals

Over half a century ago, the global economy largely depended on just ten or so different materials. Most important products were made out of wood, brick, iron, copper, gold, silver or a few plastics — and that was about it.… Read the rest

South Africa’s Zuma equates mine layoffs with ‘blackmail’

South African President Jacob Zuma said on Monday that mining companies were almost engaging in “blackmail” when they announce plans to close mines and lay off workers.

Zuma’s pre-recorded comments broadcast on CNBC Africa come as the government, unions and … Read the rest

The race for resources

The year 2030 will see an increasingly chaotic world where China is the top economy and demand soars for resources, a US intelligence report said Monday.

The National Intelligence Council, in its first assessment in four years aimed at shaping … Read the rest

Gold-digging in Paris

Last week, police in the French capital arrested three people as part of a widening grave robbery investigation.

There was further public outrage after two masked intruders shot dead a 52-year old precious metal worker when he tried to stop

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