Lebanese race to gold amid local, global economic uncertainty

STORY: Lebanese race to gold amid local, global economic uncertainty DATELINE: July 22, 2023 LENGTH: 00:04:03 LOCATION: Beirut CATEGORY: ECONOMY SHOTLIST: 1. Ahmad al Hajari, a gold trader, speaking to a client 2. various of gold jewelry 3. SOUNDBITE 1 (Arabic): AHMAD AL HAJARI, Lebanese gold trader 4. various of gold ounces and coins 5. SOUNDBITE 2 (Arabic): AHMAD AL HAJARI, Lebanese gold trader 6. various of the exterior of the gold store 7. SOUNDBITE 3 (Arabic): HUSSEIN NAWWARA, Lebanese citizen in Beirut 8. various of gold pieces STORYLINE: Lebanon has been facing an unprecedented financial crisis amid a shortage of foreign currency reserves, causing the loss of billions of dollars in deposits. The currency collapse encouraged the Lebanese to opt for a safe investment haven for their money, namely gold. Lebanese citizens capable of saving a portion of their monthly salaries believe that gold can offer them a haven for their savings which were previously lost in Lebanese banks. Ahmad al-Hajari, a gold

Gold Reserves

Gold Reserves

Photo taken on June 9, 2023 shows gold ornaments at a jewelry store in Renhuai city, Southwest China's Guizhou province. China's gold reserves stood at 67.27 million ounces at the end of May, up from 66.76 million ounces at the end of April, the seventh straight month of increases, according to data released by the People's Bank of China.

Gold Reserves

Gold Reserves

Photo taken on June 9, 2023 shows gold ornaments at a jewelry store in Renhuai city, Southwest China's Guizhou province. China's gold reserves stood at 67.27 million ounces at the end of May, up from 66.76 million ounces at the end of April, the seventh straight month of increases, according to data released by the People's Bank of China.

Gold Reserves

Gold Reserves

Photo taken on June 9, 2023 shows gold ornaments at a jewelry store in Renhuai city, Southwest China's Guizhou province. China's gold reserves stood at 67.27 million ounces at the end of May, up from 66.76 million ounces at the end of April, the seventh straight month of increases, according to data released by the People's Bank of China.

Gold Reserves

Gold Reserves

Photo taken on June 9, 2023 shows gold ornaments at a jewelry store in Renhuai city, Southwest China's Guizhou province. China's gold reserves stood at 67.27 million ounces at the end of May, up from 66.76 million ounces at the end of April, the seventh straight month of increases, according to data released by the People's Bank of China.

Gold Reserves

Gold Reserves

Photo taken on June 9, 2023 shows gold ornaments at a jewelry store in Renhuai city, Southwest China's Guizhou province. China's gold reserves stood at 67.27 million ounces at the end of May, up from 66.76 million ounces at the end of April, the seventh straight month of increases, according to data released by the People's Bank of China.

Egypt's Sukari gold mine sees robust production

STORY: Egypt's Sukari gold mine sees robust production DATELINE: March 23, 2023 LENGTH: 0:01:13 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1 various of the press conference of Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla (file) 2 various of the minister inspecting the Sukari gold mine STORYLINE: Egyptian Minister of Petroleum and Mineral Resources Tariq al-Mulla said on Wednesday that the Sukari gold mine had produced 5.2 million ounces of gold since the onset of the production until the end of February with estimated revenues of about 7.5 billion U.S. dollars. It is expected to achieve more in light of investment and intensive exploration activities, as well as the start of commercial gold mining in southern Egypt. During an inspection tour of the Sukari gold mine in the eastern desert, the minister said that the research and exploration activities in the mining areas of Egypt grow, in light of the entry of international mining companies into the Egyptian market through proposed

Vienna gold coins selling at record highs in Japan

Vienna gold coins selling at record highs in Japan

TOKYO, Japan - A shop assistant shows off Vienna gold coins at Tanaka Kikinzoku Kogyo K.K. in Tokyo. The coins produced by the Austrian mint are becoming increasingly popular with Japanese investors, with sales up to the end of October 2002 already double the previous year's figure at a record 100,000 ounces (about 3 tons). Due to the prolonged economic doldrums in Japan, the coins are popular as an alternative investment as they can be cashed at any time and their tender value is relatively stable, industry officials say.

Vienna gold coins selling at record highs in Japan

Vienna gold coins selling at record highs in Japan

TOKYO, Japan - A shop assistant shows off Vienna gold coins at Tanaka Kikinzoku Kogyo K.K. in Tokyo. The coins produced by the Austrian mint are becoming increasingly popular with Japanese investors, with sales up to the end of October 2002 already double the previous year's figure at a record 100,000 ounces (about 3 tons). Due to the prolonged economic doldrums in Japan, the coins are popular as an alternative investment as they can be cashed at any time and their tender value is relatively stable, industry officials say. (Kyodo)