Gold prices have surged 238% in last five years Consumers face pressure from a punishing cost of living and this, combined with gold price strength, generated a drop in demand for gold jewelry. Habib ur Rehman, an office bearer of Pakistan Gems & Jewelry Traders and Exports Association, said people were not buying jewelry anymore….
Tag: Gold prices
Caledonia Mining reports 3% increase in gross revenue
LONDON, UK: Caledonia Mining Corporation Plc has released its operating and financial results for the year ended December 31, 2023. The company reported a gross revenue of $146.3 million, a 3% increase from 2022, attributed to a 7.8% rise in the average gold price. However, gross profit fell to $41.5 million from $61.8 million due…
Gold Prices Fall After Hitting Two-Week High
Gold prices fell on Thursday, as investors took profits after the precious metal hit a two-week high in the previous session. Spot gold was down 0.2% at $1,962.55 per ounce by 0130 GMT, after hitting $1,979.50 on Wednesday, its highest since May 9. U.S. gold futures fell 0.3% to $1,964.70. “Gold is consolidating after its…
Gold prices today – May 24, 2023
As of today, May 24, 2023, the price of gold is $1,846.50 per ounce. This is a decrease of 0.2% from yesterday’s price of $1,848.20 per ounce. The price of gold has been on a downward trend in recent months, due to a number of factors, including rising interest rates and a stronger US dollar….