Production from Mouteh Gold Mine in Isfahan Province amounted to 162 kilograms in the six months to September 21, reported Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Stock futures in Europe and the US rose along with equities in Asia on signs of a thaw in US-China tensions, with investors also looking ahead to a policy speech by Federal Reserve Chair Jerome Powell later in the week.
South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.
Gold’s scorching rally gathered more force, with prices driven higher into record territory above $2,000 an ounce as investors assessed prospects of more stimulus to combat the pandemic’s fallout, another slide in US real yields and increased geopolitical risks.
Indians are returning to one of their oldest assets amid a raging pandemic that was preceded by a banking crisis. To say Indians love gold would be an understatement. Over centuries, households — as well as temples — have hoarded the precious metal.
Gold soared to a record high on Monday as investors rushed into the safe-haven commodity on concerns about heightened China-US tensions, a spike in virus infections and a lack of progress on a new stimulus bill in Washington.