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Gold holds ground ahead of U.S. inflation test
  + stars: | 2023-11-30 | by ( ) www.cnbc.com   time to read: +2 min
A technician cleans impurities from melted gold bars at Primera Gold's laboratory in Bukavu, South Kivu Province, eastern Democratic Republic of Congo, May 12, 2023. Gold prices consolidated in a tight range on Thursday, hovering close to a near seven-month high, as investors awaited a key inflation print to gauge whether interest rate cuts in the U.S. would come sooner than expected. Spot gold was down 0.1% at $2,041.76 per ounce by 0543 GMT, after hitting its highest since May 5 on Wednesday, and was poised for its second straight monthly gain. U.S. gold futures for December delivery fell 0.2% to $2,042.40 per ounce. Spot silver fell 0.2% to $24.95 per ounce.
Persons: Bullion, Yeap Jun Rong, Jerome Powell Organizations: Primera Gold's, U.S, Federal, Traders Locations: Bukavu, South Kivu Province, Democratic Republic of Congo, U.S
BUKAVU, Democratic Republic of Congo, Aug 19 (Reuters) - At least seven children were killed in eastern Congo on Saturday after a fire broke out at camp for people displaced by flooding, local official Thomas Bakenga said. The children killed in the fire were aged between one and five, while four adults were in a critical condition in hospital, Kalehe territorial administrator Bakenga told Reuters. The deaths bring further tragedy to a community still grieving the loss of at least 460 people in the floods. Overall, close to 9,000 people were impacted by the disaster, which saw flood waters bury buildings in mud and cut off roads. Reporting by Crispin Kyala; Writing by Alessandra Prentice; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.
Persons: BUKAVU, Thomas Bakenga, Bakenga, Crispin Kyala, Alessandra Prentice, Alison Williams Organizations: Democratic, Reuters, Thomson Locations: Democratic Republic of Congo, Congo, Kalehe, Bushushu, South Kivu
Gold subdued on dollar strength as markets await economic data
  + stars: | 2023-08-01 | by ( ) www.cnbc.com   time to read: +2 min
A technician cleans impurities from melted gold bars at Primera Gold's laboratory in Bukavu, South Kivu Province, eastern Democratic Republic of Congo, May 12, 2023. Gold prices edged lower on Tuesday as the U.S. dollar climbed, while investors looked forward to key economic data this week for signs on how long the interest rates could keep rising to quell sticky inflation. Spot gold was down 0.1% at $1,961.49 per ounce by 0343 GMT, while U.S. gold futures dropped 0.5% to $1,961.10 per ounce. Gold prices ended July 2.3% higher, the biggest monthly rise in four months on expectations that an end to the rate-hiking cycle by global central banks was nearing. This is why the central banks are sticking with the data-dependent mantra," said Tim Waterer, chief market analyst at KCM Trade.
Persons: Jerome Powell, Nicholas Frappell, Austan Goolsbee, Tim Waterer, Waterer Organizations: Primera Gold's, U.S, ABC Refinery, Chicago Federal, KCM Trade Locations: Bukavu, South Kivu Province, Democratic Republic of Congo, Chicago
[1/5] Revellers attend the 9th edition of the AMANI festival with the aim of conveying messages of peace, entrepreneurship and environmental protection at the Athenee d'Ibanda in Bukavu, eastern Democratic Republic of Congo February 10, 2023. REUTERS/Crispin KyalangalilwaBUKAVU, Democratic Republic of Congo, Feb 14 (Reuters) - Artists from across Africa performed at the "Amani" festival in eastern Democratic Republic to show support for victims of conflict despite growing insecurity in the area. "Our mission is to be there with you," he told a jubilant crowd in the city of Bukavu during the event. The Amani festival, which means "peace" in Swahili, usually takes place in Goma, capital of North Kivu province. Reporting by Crispin Kyalangalilwa; Writing by Sonia Rolley; Editing by Sofia Christensen and Alison Williams;Our Standards: The Thomson Reuters Trust Principles.
REUTERS/Crispin KyalangalilwaBUKAVU, Democratic Republic of Congo, Feb 8 (Reuters) - After Ornella lost several family members within three years, relatives and neighbours in her east Congo village of Kabare began suspecting the 14-year-old girl of witchcraft. Hundreds of thousands of children across the continent are accused of witchcraft each year, according to a 2022 report by the African Child Policy Forum, an independent research group. "Here are at Eka Bana ... they show me that every child has rights," she told Reuters. Children who end up in Eka Bana are usually first taken in by the police, who either find them on the street or receive them from family members. Eka Bana Director Natalia Isella said it was often Evangelical pastors who convinced followers that a "witch" in the family was causing their problems.
[1/4] Congolese artist Patrick Cikuru Cirimwami applies finishing touches on portrait images of Congolese leaders, made from plastic waste, which he melts after collecting it near the banks of the Ruzizi I hydroelectric plant, in Bukavu, eastern Democratic Republic of Congo December 15, 2022. REUTERS/Crispin KyalangalilwaBUKAVU, Democratic Republic of Congo, Jan 5 (Reuters) - Near the banks of Lake Kivu in eastern Democratic Republic of Congo, artist Patrick Cikuru Cirimwami wades knee-deep through a mountain of plastic bottles, scooping as many as he can carry into a large sack. Later he will melt down the plastic to make a thick liquid which he uses to paint portraits of politicians - intended to be a condemnation of what he says is their inaction in protecting the environment. As a Congolese artist, I can send a message," said the 26-year-old. Congo, like other African nations, has insisted on its right to develop its economy by exploiting its vast natural resources.
REUTERS/Thomas MukoyaNAIROBI, Nov 2 (Reuters) - Kenya's President William Ruto on Wednesday officially deployed troops to eastern Democratic Republic of Congo to join an East African regional force aiming to end decades of bloodshed. The seven countries of the East African Community (EAC), which Congo joined this year, agreed in April to set up a joint force to fight militia groups in Congo's east. Despite billions of dollars spent on one of the United Nation's largest peacekeeping forces, more than 120 armed groups continue to operate across large swathes of east Congo, including the M23 rebels, which Congo has repeatedly accused Rwanda of supporting. Uganda has already sent troops into Congo as part of separate deployment to chase down an Islamic State-linked armed militants, one of the warring groups in eastern Congo. "We have been working very hard to mobilise the international community to support the east African force," Kenya's defence minister Aden Duale said at the event.
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