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Tuesday, January 21, 2025

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Precious Metals

De Beers sitting on colossal stockpile of diamonds it can’t sell – FT

The precious stone market faces weak demand and rising competition. De Beers Group has amassed its largest diamond stockpile since the 2008 financial crisis, reflecting...

Malawi demands billions from US firm over gems

The African nation’s attorney general has accused Columbia Gem House of underreporting the value of precious stones it has exported from the country. Malawi’s government...

Chinese geologists discover gold reserves worth over $82 billion

Chinese geologists have discovered gold reserves valued at some $82.8 billion at a deposit in the central province of Hunan, the province's geological bureau...

Gold price hits historic high

The rally has been attributed to rising tensions in the Middle East that have spurred safe-haven demand. The price of gold reached an all-time high...

Central-bank buying spree driving demand for gold – report

Net purchases in 2023 almost matched the previous year’s record, the World Gold Council has said. Total gold demand hit the highest level on record...

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