The precious metal is up more than 20% this year amid mounting optimism on monetary easing and large purchases by central banks. It also has seen increased demand as a haven asset due to rising geopolitical risks, including tensions in the Middle East and Russia’s war with Ukraine.
Bullion began shooting higher earlier in the year — surprising seasoned analysts and veterans as there wasn’t always a clear macro catalyst to justify its price rally. It sustained those gains even as traders dialed back bets on the timing of rate cuts. More recently, gold has ticked higher as US officials widely are expected to start lowering rates soon.
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DUBAL Successfully Completes Rooftop Solar Power Generation Project
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Bell 525 Helicopter on Oil & Gas Missions
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Nigeria Licenses First Floating LNG Plant
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Bentley Systems Acquires 3D Geospatial Company Cesium
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Energy-starved Zambian Copper Mines Switch to Power from South Africa
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Widespread Power Cuts Trigger Energy Concerns in Kenya
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Ethiopia Hikes Electricity Tariff, Subsidizes Poor Households
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Aquaterra Energy Launches Offshore CCS and Hydrogen Storage Projects
Aquaterra Energy, a leader in offshore engineering solutions, today announces the launch of its legacy well re-entry and re-abandonment services along with its new patent-pending Recoverable Abandonment Frame (RAF). The combined solution will address challenges in locating, re-entering and re-abandoning legacy wells that penetrate, or pass through, offshore oil and gas reservoirs or saline aquifers that have been earmarked to be repurposed for carbon dioxide (CO2) or hydrogen storage.
Dangote Refinery Supplies 25M Litres of Petrol to Domestic Market
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