The price of gold, one of the mainstays of mining exports from the Democratic Republic of Congo (DRC), fell by 2.93% on world markets.
During the week of November 18 to 23, 2024, a gram of gold traded at USD 86.12, compared with USD 88.72 the previous week, according to a press release from the Ministry of Foreign Trade.
This decline comes against a backdrop of global fluctuations in commodity prices, observed particularly between November 11 and 16, 2024.
Price volatility on international markets continues to represent a challenge for the DRC, where mining exports play a crucial role in the national economy.
While this contraction could affect export revenues, it underlines the need to strengthen the resilience of local producers and diversify strategies for adding value to Congolese gold.
Flory Musiswa