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Brazil''s Bolsonaro issues decrees to boost mining of Amazon

04:41pm, Monday, 14'th Feb 2022 Beaumont Enterprise
RIO DE JANEIRO (AP) — Brazil''s President Jair Bolsonaro has issued two decrees to drive gold prospecting with a focus on the Amazon rainforest, according to the texts published Monday in the official gazette. The Program to Support Development of Artisanal and Small-Scale Mining created by one decree aims to strengthen policies and stimulate best practices, according to the text. The Amazon “will be the priority region for the development of works,” it says. The other alters existing laws and regulations, for example requiring the nation''s mining regulator to establish simplified criteria for the analysis of permit requests for prospecting. The measures spurred outrage from environmental and Indigenous rights groups, which warned they would exacerbate the illegal destruction of the world''s largest tropical rainforest and pollution of its waterways with mercury, used to separate gold. “They run opposite to what the federal government should be doing,” Larissa Rodrigues, portfolio manager for an environmental think tank Choices Institute, said by phone. “There is enormous illegality circulating in the chain that is measurable.
ETFs based on precious and industrial metals have received attention as inflation hedges. But the offerings go beyond silver and gold.
By Peter Hobson LONDON (Reuters) – Concern among investors that the U.S. Federal Reserve will fail to control inflation is helping to lift gold prices despite a sharp rise in U.S. bond yields that would usually drive the metal lower, analysts said.
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Cash, gold, drugs worth Rs 11 crore seized in run up to UP phase 2 polls: Police
The VIX Volatility Index, also known as the markets preferred fear gauge, roared back to life this past week. On Wall Street, futures tracking the Dow Jones, S&P 500 and Nasdaq 100 sank 0.92%, 1.78% and 3.05% respectively. Will volatility remain elevated in the coming week, or is this near-term noise? There were two notable [] The post Dow Jones, Gold, Crude Oil, US Dollar, Russia-Ukraine Tensions, Fed appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
Volatility rocked markets, sending the Dow Jones and Nasdaq 100 lower. Russia-Ukraine tensions risk denting the Euro and keeping crude oil and gold prices afloat. Meanwhile, markets still have to c
Popular crypto analyst Benjamin Cowen says he''s looking at Ethereum (ETH) to determine whether the leading smart contract platform has what it takes to be a store of value.
Over 2,000 illegal firearms and 165 kg of explosives have also been recovered while preventive action taken against 4.40 lakh people who are likely to disrupt peace during the polls, the Uttar Pradesh

Gold price spike continues in Pakistan

12:23pm, Sunday, 13'th Feb 2022 The Nation Pakistan
Domestic per tola price of gold soared by Rs1,150 in Pakistan on Sunday.

Government - Russia continues stockpiling forex reserves

12:19pm, Sunday, 13'th Feb 2022 Business Mag
The nation''s international holdings stand near a record high Russia''s gold and foreign currency holdings have reached $634.9 billion as of February 4, according to data

Gold Gets Good-Old Geo-Political Go-Go

08:53am, Sunday, 13'th Feb 2022 FX Empire
Not to be taken lightly a wit whats going on with the Russia/Ukraine strain. For as the StateSide President sagaciously stated yesterday (Friday): things could go crazy quickly in urging U.S. citizens to vacate the premises. To which the markets responded in kind as they oft do in heated geo-political stew.

Stocks to fall on Russia-Ukraine tensions

04:02am, Sunday, 13'th Feb 2022 The Daily Telegraph
The Australian sharemarket is tipped to start the week in the red as Russia-Ukraine tensions escalate but strength in oil and gold stocks should provide a degree of support, tempering the declines.
Gold prices rose to the highest level since November last week after a red-hot CPI report pushed up breakeven rates. Bulls followed through on the move as geopolitical tensions in Ukraine rose.
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