Tag - gold

 
 

GOLD

Tokyo Metropolitan Police have seized fake gold grains and notepads passed off as cash that were used to swindle a company executive in Tokyo's Chiyoda Ward in October 2023.
JAPAN / Crime & Legal
Nov 15, 2024
British national arrested for over ¥13 million cash swap swindle
Joe Kpoto, 40, allegedly made off with the cash in a fake gold transaction by passing off a notepad as a stack of banknotes.
Perth Rectangular Stadium is one of several venues in Australia chosen to host the 2026 Women's Asian Cup.
SOCCER
Nov 13, 2024
Sydney and Perth to host bulk of 2026 Women's Asian Cup
The 12-team championship is Australia's biggest soccer tournament since co-hosting the Women's World Cup with New Zealand in 2023.
The price of gold offered by Tanaka Kikinzoku Kogyo rose ¥173 from Tuesday to ¥15,104 per gram, including tax.
BUSINESS / Economy
Oct 30, 2024
Gold prices in Japan top ¥15,000 per gram for the first time
Concerns about political uncertainty following next week's U.S. presidential election is another reason for people to buy gold.
Counterfeit bills used by men who were arrested on suspicion of stealing cash under the guise of a gold transaction
JAPAN / Crime & Legal
Sep 9, 2024
Two Liberian men arrested for alleged fake gold deal in Tokyo
The two are charged with stealing ¥34 million from a 43-year-old secondhand goods dealer in Tokyo in November 2023.
Local miners collect small rocks as they mine for gold in Benguet province in the northern Philippines.
ASIA PACIFIC
Sep 1, 2024
Toxic, deadly, cheap: Life for women gold miners in the Philippines
One in three of the illegal mining workforce is female — and women are 90 times more at risk of dying on the job than men.
Since June, at least 10 gold bar scams, including failed attempts, have been confirmed in Tokyo, Osaka, Kyoto, Aichi and Shizuoka prefectures.
JAPAN / Crime & Legal
Aug 26, 2024
Gold bullion scams targeting elderly people on the rise in Japan
Criminals posing as police officers on Line have been persuading people to convert money into gold and then leave it outside their homes.
Ebenezer Agyarko tends to his cocoa plantation in Kwabeng, north of Accra, the capital of Ghana.
BUSINESS / Markets
Aug 22, 2024
Chocolate prices unlikely to decline even as African cocoa harvest improves
Issues that have long hobbled the industry remain, meaning bean prices aren’t likely to fall back to previous levels.
Kyoto police say there have been scams targeting gold bars in recent months.
JAPAN / Crime & Legal
Aug 21, 2024
Kyoto man scammed out of ¥100 million in gold bars
The self-employed man, residing in Kyoto's Kamigyo Ward, received a call in late June from a man claiming to be from a mobile phone company.
The gold medal of Lim Si-hyeon of South Korea, after the Women’s Individual Archery competition at the Olympic Games Paris 2024, on Aug. 3
BUSINESS / Markets
Aug 12, 2024
Olympic gold medals are worth more than ever after cost of metals surged
The medals contain six grams of gold, the price of which soared to a record in mid-July.
The Sado Gold Mine, so heavily tapped that the mountain bearing it has been cleaved in two, is up for consideration for UNESCO World Heritage Site status.
LIFE / Travel
Jul 20, 2024
Land of punishment, land of gold
The Sado Gold Mine may soon become Japan’s newest UNESCO World Heritage site, but the island’s history is much more complicated than a single tourist destination.
Gold prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
BUSINESS
Jun 8, 2024
You can now buy gold bars from vending machines in South Korea
Prices change daily, reflecting wider market movements, but start at about 88,000 won ($64) for a 0.5-gram bar.
Despite the United Arab Emirates taking "significant steps to address" gold smuggling, Bern-based NGO SwissAid says billions of dollars worth of the precious metal arrive in the country from Africa every year.
WORLD / Crime & Legal
May 30, 2024
Billions in African gold smuggled to UAE every year, SwissAid says
The nongovernmental organization estimates that the illicit trade amounts to between $23.7 billion and $35 billion annually, based on current market prices.
This pure gold tea bowl was stolen last week during a department store event and has been found at an antique shop in Tokyo.
JAPAN
Apr 16, 2024
Stolen pure gold tea bowl recovered at Tokyo antique shop
During the exhibition, the pure gold tea bowl was on display with no lock or alarm system.
Gold beans for sale inside a Luk Fook Holdings International jewelry store in Shanghai on Wednesday.
BUSINESS
Mar 16, 2024
Gold beans all the rage with China’s Gen Z as deflation bites
Weighing as little as 1 gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese.
Gold ornaments on display for sale at a Chow Tai Fook jewellery store in Shanghai.
BUSINESS / Economy
Dec 11, 2023
Young Chinese spurn traditional investments in favor of gold
The trend underscores uncertainty about growth prospects in the world's second-largest economy, which has not recovered from COVID-19 as fast as expected.
Gold has often been seen as the quintessential "anti-dollar” — a place to turn for those who distrust fiat currency.
BUSINESS / Markets
Sep 25, 2023
Yields spike and gold shrugs. What’s driving bullion now?
As inflation-adjusted rates soared this year to the highest since the financial crisis, bullion has barely blinked.
Gold prices in Japan are hovering around a record high of ¥10,000 per gram — up around 18% since January.
BUSINESS / Markets
Sep 12, 2023
Gold bugs in Japan reaping rewards as yen weakness persists
Domestic prices for the precious metal are now hovering around a record high of ¥10,000 per gram — up around 18% since January.
A camp of informal gold miners in Los Amigos, in the Madre de Dios region, Peru. The Peruvian government estimates that illegal miners dump about 180 metric tons of mercury in Madre de Dios annually.
WORLD
Aug 7, 2023
Gold mining in the Amazon poisoning scores of threatened species
Miners in southeast Peru use mercury to find gold — inadvertently contaminating hundreds of species native to the area.
Japan Times
BUSINESS
Jul 12, 2023
Canada probes Nike and Dynasty Gold over alleged use of forced labor in China
The investigations were launched after an initial assessment of complaints about the overseas operations of 13 Canadian companies filed by a coalition of 28 civil society organizations.
Japan Times
BUSINESS / Markets
Jun 20, 2023
Gold prices at record highs near ¥10,000 per gram
Gold, regarded as a safe-haven asset in times of emergencies and inflation, has been increasingly attracting demand.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?