According to the management information of the National Bank of Belarus (NBB), in January-August of 2016, the population and enterprises of Belarus purchased 159.547 kg of gold in weighted bullions, versus 100.089 kg for eight months of 2015.
Precious Metals Markets are growing up today against the background of weakening US dollar. Overall trading activity is still low as the market is waiting for news from the ECB on the monetary policy, which may arise in the course of the upcoming meeting.
In the second quarter many companies mining for gold apparently took advantages from price increases for hedging purposes.
Weak data on the labor market of the USA released on Friday have pushed gold prices up by more than $ 20 per ounce. Such weak data again reduced the probability of an increase in the Fed rateat the meeting in September (the rate growth may put pressure on gold prices).
Siberian Federal District Department of Subsurface Management posted a notice of grantingthe use of two placer gold deposits in MaslyaninskyDistrict of Novosibirsk Oblast on the official tenders website.
According to a company statement based on the results of the drilling program at the Mutsk gold projectin Armenia UKexploration company Orogen Gold Plc has twice extended the area of the deposit.
Gold prices rose to a one-week high on Friday, after economic data that showed hiring in August was weaker than expected, which undermined the case for the Federal Reserve to raise interest rates in the coming months.
In Yakutia, a unified recycling center of complex ores and concentrates can be created, follows from the presentation of AO Vysochayshiy (GV Gold) on the East Economic Forum.