gold | Common News Update

Feb252021 by adminNo Comments

Six killed and one missing after illegal gold mine in Indonesia collapses

World

Six people have been killed after an illegal gold mine in Indonesia's Sulawesi island collapsed on nearly two dozen people working inside.One other worker is missing following the incident, officials said on Thursday. An estimated 22 people became trapped in the rubble when the mine in Central Sulawesi province's Parigi Moutong district collapsed late on Wednesday due to unstable soil, according to Andrias Hendrik Johannes, who heads the local search and rescue agency.The bodies of four women and two men were recovered during a gruelling search effort through the night.Rescuers were also able to pull 15 survivors from the debris. ...

Feb22021 by adminNo Comments

Olympic gold medalist Shawn Johnson East tests positive for COVID-19

Sports

Feb. 1 (UPI) -- Olympic gold medalist Shawn Johnson East announced she has tested positive for COVID-19, just weeks after revealing she is pregnant. Johnson East and her husband, former Washington Football Team long snapper Andrew East, are expecting their second child later this year. Advertisement "Got my results back [Sunday] and they came back positive for COVID," the former Olympic gymnast wrote on her Instagram story Sunday night. "Not going to lie ... I'm nervous knowing I'm positive. It's been a long two weeks of RSV [respiratory syncytial virus] with Drew and now this ... my body is exhausted." Johnson, who has dealt with asthma for most of her life, said she is experiencing a cough, sore throat, fatigue and a headache. She also noted that she had a close family member "fight for...

Jan42021 by adminNo Comments

How gold, silver performed during the week ending December 30, 2020

Finance

The scope and attractiveness of alternative investments is increasing. Here’s a weekly tracker of returns from such investments. But don’t compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different. Gold (995) (Rs) Weak US dollar has helped gold to recover the losses and end the week on a flat note near the Rs 50,000 per 10-gram mark. Silver (Rs) The short term outperformance of silver continues on industrial demand and it ended the week with a gain of 2%. Platinum ($ /troy ounce) Industrial demand has helped platinum to gain 4.26% during the past week. The metal has hit a new 52 week high now. WTI Crude ($ /barrel) Crude oil prices remained flat because the fear of production increase by Opec+ in January neutra...

Oct312020 by adminNo Comments

Pentagon opens permanent exhibit honoring Gold Star families

Business

Oct. 30 (UPI) -- A permanent exhibit dedicated to Gold Star Families was unveiled at the Pentagon this week, honoring families who lost loved ones in military service. Joint Chief of Staff Chairman Gen. Mark A. Milley led the opening of the display, and cut a ceremonial ribbon on Thursday. Advertisement The Gold Star Memorial is the latest of several historical displays at the Pentagon, with this one originated by Jane Horton, whose husband, Spc. Christopher Horton of the Oklahoma National Guard, died in combat in 2011 in Afghanistan. "Behind every soldier, sailor, airman, Marine and Coast Guardsman willing to give their all, there are loved ones who support us in service and in sacrifice," Milley said in brief remarks. "The gold star is a symbol of your loved one, a symbol of the one th...

Oct272020 by adminNo Comments

Indians start buying physical gold before Diwali despite high prices

Finance

Despite high prices, Indian consumers have been undeterred as they bought gold this Dussehra, setting the tone for buoyed demand later during Diwali in the midst of the economic uncertainty created by the ongoing Covid-19 pandemic. Gold, being a non-essential item in the times of pandemic, had taken a backseat in consumer preference since Covid-19 outbreak. But as the economy opened up in a phased manner, consumers slowly started to take interest in gold as the yellow metal has given more than 25% return this year and the outlook on gold continues to remain bullish in one of the top gold-consuming nations of the world. Jewellers said that Dussehra demand has perked them up and they are expecting a much better Diwali. They said the pent up demand is already showing and even the fear of the ...