Gold prices trade lower

Gold and silver prices are trading lower in early US trading, as some normal chart consolidation is occurring following recent strong gains that last week pushed gold prices to a 7,5-year high and silver to a four-week high. Gold and silver bulls still have the near-term technical advantage to continue to suggest the path of least resistance for prices will be sideways to higher. June gold futures were last down $6,70 an ounce at $1,746.20. May Comex silver prices were last down $0,273 at $15,78 an ounce.

Farmers warned against counterfeit hessian packs

Conrad Mupesa Mash West Correspondent tobacco wrapping paper supplier, Propak, has warned farmers against buying hessian wrapping packs from unauthorised dealers to protect their tobacco quality. This comes after counterfeit…

Blanket output declines

Blanket Mine’s gold production in  the first quarter ended March 31, 2020 rose 19 percent to 14 233 ounces  from 11 948 ounces in the same period last year, its parent company has  said.

Headache for Zim, SA parlours

Thupeyo Muleya Beitbridge Bureau FUNERAL parlours in South Africa are engaging authorities to facilitate the repatriation of deceased Zimbabweans through Beitbridge Border Post for burial home. The parlours are concerned…

Football sponsors worried

LONDON.  — With stadiums dark, match shirts folded in closets and most players confined at home, football’s sponsors have lost all visibility and are growing restless. European clubs are struggling…

Covid-19, time for aviation sector to introspect

Leading aviation industry expert Winnie Muchanyuka believes it will take some time for airlines to bounce back from the effects of the Covid-19 pandemic, but adds that the effect on their bottom line and the economy will not be cataclysmic.

Zimplats donates to hospitals

Heather Charema Herald Correspondent Zimplats has donated disinfectants, medical and personal protective equipment to health institutions in Mashonaland West Province to capacitate them and enhance their preparedness against  Covid-19. The…

Oil price war ends with OPEC+ deal

The world’s top oil producers pulled off a historic deal to cut global petroleum output by nearly a 10th, putting an end to the devastating price war that brought the energy industry to its knees.

China boosts state reserves

China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.

Corporates not paying dues

Concerns that the coronavirus lockdown has opened the door for large corporates to avoid paying smaller suppliers for their services has prompted the Cape Chamber of Commerce and Industry to launch a survey among its members probing allegations of non-payment.

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