Two Rival Groups Intense Fight For Sudan Gold Mines

Thousands of gold miners have been working in Jebel Amir since last year, and the opposing Arab militias have been eager to seize control of the area so they can levy taxes on the miners.

Two rival groups, the Beni Hussein and the Northern Rezigat have intensified their fight to control Sudan's gold rich Darfur region.

"Too Early To Proclaim Gold Bull Market Over" Despite Biggest Ever Etf Monthly Outflow

Silver meantime fell to just above $28 an ounce this morning, while stocks and commodities also ticked lower as the US Dollar gained.

Spot market gold bullion fell to one-week lows below $1570 per ounce Friday morning, on course for a third straight weekly loss, having ended February down 5.9% as gold exchange traded funds saw their biggest calendar month bullion outflows on record.

Gold Price Suffers Longest Run Of Monthly Falls In 16 Years

The commodity, much loved by investors over the past decade, appears to have gone into freefall.

Gold price falls for the fifth month in a row, the longest run of monthly falls since 1996 

The price of gold fell for the fifth month in a row in February, meaning that the precious metal has completed the longest run of monthly declines since 1996.

Spot gold fell to $1,579 per ounce yesterday, having plunged through the $1,600 an ounce last week – the first time it had breached this level since August.

Gold Price On The Rise: How To Invest In Bullion

The price of gold was on the rise today after Germany’s decision to repatriate its bullion. We explain how you can profit.

Demand for gold bullion has risen during the financial turmoil of recent years Photo: Alamy

Gold enthusiasts were today bouyed today by the decision of Germany’s central bank to pull its gold reserves out of Paris and New York.

It follows warnings from the country’s Court of Auditors that bullion held abroad had "never been verified physically" and was not under proper control.

The Bundesbank is to recall its reserves as leverage against future currency fluctuations, resulting in pulling a chunk of its holdings from New York and all its bullion from Paris.

A Brief History of Gold

Who discovered gold

A child finds a shiny rock in a creek, thousands of years ago, and the human race is introduced to gold for the first time.

Gold was first discovered as shining, yellow nuggets. "Gold is where you find it," so the saying goes, and gold was first discovered in its natural state, in streams all over the world. No doubt it was the first metal known to early hominids.

Gold became a part of every human culture. Its brilliance, natural beauty, and luster, and its great malleability and resistance to tarnish made it enjoyable to work and play with.