Mupane misses out as gold prices surge
Friday, August 02, 2024 | 280 Views |
Missing in action: Production has been suspended at Mupane
The yellow metal hit a historic high on July 17, with spot prices at $2,482.97 per ounce, fuelled by demand from Asian investors, central banks buying bullion to diversify their reserves, and geopolitical tensions, particularly in the Middle East.
By press time on Wednesday, spot gold prices had reached $2,424.58, continuing their recent highs. Gold prices are up nearly 18% this year and are expected to remain at elevated levels through 2024.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...