Indian travel curbs thwart gold smugglers, boost legal market

Afghanistan has reserves of coal, copper, iron ore, zinc, mercury, rare earths, gems such as rubies and emeralds, gold and silver worth about $3 trillion.

CEO Andrew Mackenzie said over the weekend "the commodities fall has stopped". Not only that – after recent rallies six are back in bull markets.

Gold production fell 17.6% to 14,172 ounces in the first quarter of the year due mainly to harsh winter conditions.

One of the best indicators of Chinese demand snapped a three year losing streak this week.

The Fund's slightly more positive outlook for the Chinese economy not enough to halt metal price declines this year and in 2017.

The ancient Kolar gold mines produced some 25 million ounces over 150 years before being abandoned in 2001, as gold prices began to sink.

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

The issuing of export permits, however, will resume as soon as existing stockpiles shrink.

Iron ore price surge goes beyond Beijing order to slash emissions during six-month horticulture expo in steelmaking hub.