While the effects of the war between Ukraine and Russia continue to be felt in various parts of the world, in Tanzania, the Minister of Mines has said there has been a dramatic increase in gold prices since the crisis began.
Speaking to reporters earlier today, Minister Doto Biteko said the price of gold per ounce had reached US $ 2049, an unprecedented price.
In July 2017, the mining law was amended, among them the introduction of a gold treasure used to protect the country's currency.
This is due to the resilience of the value of gold to shaken in the face of world turmoil. For example, it is also known that during the corona epidemic, the value of gold increased.
