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Harare
Friday, July 30, 2021
HARARE – The price of gold - one of Zimbabwe’s top export earners soared to above US$1,830 per ounce on Monday, which is a three-month high amid a weakening dollar and “substantial” fears of inflation in the U.S market. At the moment,...
Cumulative 9 months volumes up 37%Growth margins narrowing on a quarterly basisOperation’s outlook solid, analysts contend HARARE- Leading FMCG Probrands is trading impressively ahead of the prior year, Innscor, has revealed. Probrands, which has emerged strongly as a market leader in most of...
Cumulative 9 months volumes up 14%Maize volumes down 31%Other segments’ collective growth came in at 47% Quarterly performance numbers released by Innscor shows that volumes growth at its associate National Foods slowed down in the third quarter period (Q3:21) which is a period between...
HARARE – Commodity prices are recording classic moves. Since the turn of the year, we have seen vaccine-led economic recovery and increased commitment by world governments fronted by the United States (U.S) into green energy and infrastructure projects. This has helped propel...
After experiencing two (2) severe consecutive droughts in the 2018/19 and 2019/20 season the agriculture sector is poised for a sharp recovery this season thanks to proper preparations, buttressed by normal to above-normal rainfall across the country. Zimbabwe’s government has supported the...
Commodity prices have seen a sharp gain since the turn of the year and most have risen above pre-pandemic levels. Platinum Group Metals (PGMs) have headlined the price boom as metals like rhodium, beyond imagination rose to above $20,000 an ounce. Gold’s...
HARARE – The price of the precious metal, known as a safe haven in times of economic distress has given up roughly 8% year to date while displaying an inverse correlation to that of US treasury yields which have been rising this year.
Gold deliveries increase by 54.57 %Cumulative gold deliveries dropped by 30.48%Zimbabwe is losing USD$1.5 billion annually due to side trading Harare- Zimbabwe’s sole buyer and exporter of bullion, Fidelity Printers and Refineries (FPR) reported an increase in gold deliveries by 54.57% month-on-month in...
Bitcoin rose 100.8% in Q1 2021At that time, gold fell 10.3%JPMorgan said Bitcoin could go as high at $130,000 Bitcoin roared into 2021 like a lion on steroids amid a combination of institutional adoption, corporate interest, and retail piling into the market.  Think...
HARARE - With an initial 18 commodities expected in its formative stages, commodity producers, suppliers and investors await the roll-out of the Zimbabwe Mercantile Exchange (ZMX) in the first quarter of 2021. Sans maize, currently prohibited from trade by non-Grain Marketing Board (GMB) entities, the list...