The cause of the explosion in Poni province is not yet known.

Earlier, bullion fell as much as 0.6% after statements from Washington and the Elysee that both the US and Russia had agreed to a summit to resolve the military crisis.

Gold has long been a go-to place of safety, but it’s far from a perfect hedge.

The DRC is in negotiations with Dan Gertler’s Fleurette Group, which controls mining and oil permits throughout the Central African country.

Citi increased its near-term price target on gold to $1,950 per ounce -- a $125/oz hike from its previous forecast.

History tells us that previous Fed rate hikes to deal with uncomfortably high inflation resulted in recessions.

Gold-futures speculators’ most-feared hobgoblin is Fed-rate-hike cycles.

Pursuant to the settlement, Barrick will pay EMX subsidiary Bullion Monarch $25 million.