Gold

Great Britain’s Kadeena Cox set a new world record as she won C4 1km gold at the Para Cycling Track World Championships in the Netherlands.

The 35-year-old crossed the line in 1 minute 9.545 seconds to win her seventh world title.

Cox faced a nervous wait as Tara Neyland took to the track afterwards in pursuit of a medal, but her Australian rival could not eclipse the Briton’s time.

Cox, who is a five-time Paralympic gold medallist, was draped in a British flag by her team following victory as she joyously celebrated her first world title since 2024.

In the men’s tandem B 1km time-trial, Britain’s James Ball defended his title as he won gold alongside new partner Aaron Pope.

The pair dominated in the final, crossing the line in 59.563 seconds as Ball secured his eighth world title, with Pope winning his first.

In the women’s pursuit final, Britain’s Sophie Unwin alongside Jenny Holl won silver behind New Zealand’s gold medallists Emma Foy and Jessie Hodges.

Unwin and Holl had earlier set a new world record of 4:30.262 in qualifying, before it was broken by Foy and Hodges’ time of 4:29.672.

In the men’s C4 final, Britain’s Archie Atkinson won bronze, while compatriot Fin Graham also took bronze in the C3 1km time-trial.

Caracas, October 29, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez has instructed the Foreign Ministry and the Attorney General’s Office to advance diplomatic and legal efforts to recover 31 tonnes of Venezuelan gold held by the Bank of England’s vaults for more than six years.

The freeze on the reserves, currently valued at around US $4 billion, dates back to the United Kingdom’s refusal to recognize Nicolás Maduro’s 2018 reelection. A year later, opposition leader Juan Guaidó formally asked British authorities to prevent the Venezuelan government from accessing the gold.

During a cabinet meeting on Wednesday, Rodríguez described the ongoing freeze as a theft. 

“It is a mockery, but one aimed at illegitimately appropriating Venezuela’s gold reserves. We want no more excuses. Even the irrational lawsuit pursued by opposition factions was withdrawn by the very same people who brought it,” she said.

Rodríguez added that she “will not give up” on the claim and recalled that “there is an agreement among Venezuela’s political sectors” to secure the gold’s return. 

The Venezuelan government and an opposition sector representing the defunct 2015 National Assembly have been engaged in a US-backed dialogue process. On October 21, the delegations agreed to establish a joint commission to engage with London and seek the return of the reserves. The parties announced that the funds would be destined for post-earthquake reconstruction efforts, though Rodríguez has also pledged to use it to bolster public services and the electricity grid.

The acting leader had previously written to King Charles III requesting the release of the gold. In September, London and Caracas likewise began a diplomatic rapprochement and announced plans to appoint ambassadors to their respective missions.

According to reports, the Venezuelan gold is set to be transferred to the US Federal Reserve in New York, where its sale or use as collateral for loans would be contingent on the Trump administration’s approval and subjected to foreign audits.

Wednesday’s cabinet meeting additionally saw Rodríguez announce the arrival of 41 heavy machinery units to southeast Bolívar State to strengthen the Venezuelan Mining Corporation’s (CVM) operations at the Chocó plant.

The acting president said the delivery was part of a comprehensive state plan to acquire 544 pieces of equipment, including surface and underground machinery, drilling equipment, and mobile units. 

“More than 60 percent of this purchase will have arrived before the end of the year. What does that tell us? More gold production in 2027,” she affirmed. The Venezuelan executive has pushed a pro-business overhaul of mining legislation in recent months in a bid to court foreign investment. In September, New York-based Heeney Capital and commodities trader Mercuria Energy received a 30-year concession of the Chocó 10 mine in Bolívar State.

Rodríguez also promised short-term relief from electricity outages, often lasting up to 12 hours a day in certain parts of the country. However, she criticized the recurrent protests against blackouts

“I have not seen a single megawatt added to the national electricity system, which has been battered by the blockade, as a result of burning a tire (…) Soon, you will see relief in a country that has been hit so hard by the sanctions demanded by radical sectors,” she said.

Venezuelan authorities have pledged to restore 1,300 MW of generation capacity before the end of the year to mitigate a current deficit of around 4,500 MW. The Venezuelan National Assembly is close to approving a reform that will open electrical generation, transmission, distribution, and commercialization to the private sector.

Caracas has also turned to multinational corporations in a bid to recover the electrical grid.

However, GE Vernova CEO Scott Strazik stated that the company had already selected its contractors and completed the planning work but had not begun repairs because it has yet to be paid. “This is not an environment in which we are going to act without receiving payment upfront,” he said.

Meanwhile, popular organizations and trade unions staged demonstrations in Caracas and other cities on Tuesday. Through the newly formed “Blackout Victims Committee,” activists criticized the government for prioritizing the oil industry to satisfy US interests at the expense of rationing electricity throughout the country.

Edited by Ricardo Vaz in Caracas.

When Altayeb Alhadi was just six years old, his father died after a well collapsed in his village in White Nile state, south-central Sudan. Two months later, and his mother also died, leaving the five children in the family as orphans. As the eldest of the siblings, it was Altayeb’s responsibility to find work and help the family survive.

At 14, he travelled hundreds of kilometres from his home in Galli village to seek work in the north, where gold mines dot the landscape, so he could feed his siblings and keep them in school.

“We warned him about the dangers, but he was ambitious. Some relatives were already working in the area although they had found jobs in restaurants and other services rather than underground extraction,” Ayateb’s uncle Alhadi Hamid told Al Jazeera.

The boy initially worked in transport and other jobs, but when he heard lucrative stories from miners in the area, he began to search for gold in the surrounding mountains.

Altayeb died in an air strike attributed to the Egyptian military at a gold-mining site near Jabal Al-Aigdat in Sudan’s Red Sea region on October 10, which killed at least 72 miners, a few months after he began working at the site.

“It was less than 30 minutes since we separated, and he said he was going to the mine. We suddenly heard a loud sound of bombardment, and we ran. It was too chaotic with people running in all directions and many attacks taking place within a few minutes,” a fellow miner told Al Jazeera, speaking on condition of anonymity.

“We found Altayeb with his hand and leg [blown off] and a severe injury to his abdomen [which] was open. We tried to help him and took him to a safer place near a mountain. We were terrified. He died within hours. … We couldn’t believe how quickly things could happen.”

Altayeb worked alongside about 15 young men and children, using basic tools to extract gold from the rocks. The miners worked night and day, taking the material they gathered to nearby mills for processing.

Proceeds from any gold found were shared, but earnings depended on the amount of gold recovered and individual agreements. On productive days, the group could earn more than $100, the miner said.

“We used to dig for two to three weeks until we found a gram or less. If the gold percentage in the well wasn’t good, we would change locations. When we found a gram or less, we sold it and shared the profit, which was about $100,” Altayeb’s former colleague said.

For young people supporting relatives, even irregular earnings in these dangerous gold mines can seem preferable to unemployment.

Altayeb told his siblings 10 days before his death that he would soon return home, his sister Rogaia Alhadi told local media.

Friends told the family that Altayeb visited them at a restaurant near the mining site on the morning of the attack, his uncle said. They shared a cup of tea before heading towards the mine for the final time. Minutes later, the air strike hit the area.

Authorities in Egypt have accused Sudanese miners of crossing its border and reportedly linked some to gold smuggling, drugs and human trafficking. The Sudanese side did not respond to these allegations.

Since a civil war between Sudan’s military and the Rapid Support Forces paramilitary group broke out in 2023, the economy has tanked and forced thousands with no other source of income to find work in the artisanal gold mines of northern Sudan.

This can vary from independent prospecting to working in investor-owned pits for a share of the proceeds. Earnings depend on the amount of gold found, equipment and fuel costs, and profit percentages agreed with financiers.

Although some miners strike gold, they still face an array of dangers, ranging from collapsing shafts and unstable ground to air strikes. Limited medical care makes mining, particularly in remote areas, especially hazardous.

Living conditions are also extremely hard. Mohamed Awadalkarim, who was a miner in River Nile state for 10 years, said workers often shelter in makeshift huts made from burlap sacks and plastic sheeting. Their diet consists mainly of lentils and sorghum porridge.

But for families without reliable incomes, mining offers a possible source of immediate earnings. Miners may spend hours searching for gold and not find enough to cover their expenses. Others share proceeds with investors or equipment owners, leaving them with limited money left.

Artisanal and small-scale mining accounted for 53.71 tonnes, or about 83 per cent, of Sudan’s declared gold production in 2024, but this was just in areas under government control, according to research by the Chatham House think tank. About one million people were involved in artisanal mining across Sudan’s 18 states, generating $1bn annually for the country.

Artisanal mines, while generally viewed as being outside the main war-funding networks, have still been exposed to violence.

On June 16, several people were reportedly killed and injured in attacks on mining sites near the Egyptian border, according to local sources and miners.

The repeated air strikes near Sudan’s border with Egypt have raised concerns about civilian protection, territorial sovereignty and accountability.

Egyptian authorities have accused Sudanese prospectors of crossing the border to mine near a concession managed by an Egyptian company, but there is little independent evidence to back these claims.

Sudanese military leader Abdel Fattah al-Burhan reportedly ordered a fact-finding committee involving prosecutors, judicial representatives and security agencies to investigate the attack. Findings from an inquiry into a similar incident announced in June have not been made public.

Altayeb paid the highest price in this regional conflict and the hunt for gold, which provides huge profits for some and meagre incomes for many.

Altayeb’s siblings are now living with their extended family, including uncles, aunts and cousins. People who know them are trying to help his brothers and sisters and are carrying out community initiatives in Galli to keep his memory alive.

“We will raise the children and care for them as he would have wanted. He was young, caring and brave, and he will always be remembered,” Altayeb said.

China finished 0.233 points ahead of the Americans, denying them a chance to win an gold eighth consecutive team gold.

China have denied the United States an eighth consecutive women’s team title at the Artistic Gymnastics World Championships as Qiu Qiyuan sealed a dramatic victory with the final routine.

Qiu needed to score more than 12.600 points in the closing floor routine to give her country gold and did just enough with 12.833 on Wednesday.

The USA last failed to win gold when they were beaten by Russia at the 2010 championships, but were left to count the cost of several errors on the balance beam in Rotterdam.

China, who also led the way in qualifying, finished with 165.764 points, edging out the Americans by 0.233 overall.

Japan were a further 1.468 points behind as they completed the podium ahead of fourth-placed France.

USA superstar Simone Biles, a 23-time world champion including five times in the team competition, is taking a break from the sport and has not competed since the 2024 Paris Olympics, where she won three gold medals.

The reigning champions took a healthy lead at the halfway stage, helped by strong vault and uneven bars routines by Skye Blakely, the only gymnast on the team who was part of the quintet that won their seventh consecutive title in 2023.

But 18-year-old Caylor Dulcy stumbled on the beam, scoring just 12.333, as the Americans were outscored by more than four points on the apparatus by their rivals.

Zhang Qingying, who topped beam qualifying, in particular made them pay with a sparkling performance that earned her 15.066 points.

The Chinese were put under pressure on the floor, but Qiu held her nerve to secure their first women’s team world crown since 2006.

The championships continue in the Netherlands on Thursday as Japan’s Daiki Hashimoto defends his men’s all-around title, with a big challenge expected from his compatriot and Olympic champion Shinnosuke Oka.

Japan took the men’s team title on Tuesday, pipping Russia and China.

Disney actor Erik von Detten is being sued for allegedly scamming an elderly couple in a bizarre precious-metals scheme.

The “Brink!” and “Princess Diaries” star — alongside Rosland Capital, a Los Angeles-based precious-metals asset management and sales firm where Detten worked as an account representative — is accused of scamming Sheila Greenberg, 85, and her husband, Norman Greenberg, 97. According to the lawsuit, filed in May, Rosland Capital and Von Detten persuaded the couple to invest more than $2 million of their retirement savings in gold coins worth only $1.3 million.

Representatives for Von Detten could not immediately be reached.

According to the court documents, obtained by The Times, the Greenbergs called the firm after seeing several Rosland Capital commercials on TV, which they claim were “designed in large part to appeal to senior citizens.”

“The advertisements warn of dire consequences facing retirees in the United States, coupled with concerns like runaway debt, inflation, political turmoil and the ever-devaluing dollar,” reads the suit. “The commercials tout the security of gold, silver and other precious metals against imminent financial chaos and tell of the benefits of ‘investing’ through Rosland Capital. Viewers are told that ‘investing’ through Rosland Capital is a way to protect hard-earned wealth.”

When the Greenbergs asked the firm for their “top advisor,” they claim they were connected with Von Detten. “They were very clear with Von Detten that they had never invested in gold or other precious metals and really knew very little about these things,” reads the suit. “They told Von Detten they were of advanced age as they thought it important to someone who was going to help them invest in gold bullion as part of their IRA. They told Von Detten that they wanted a trusted and knowledgeable advisor. And after speaking with him they were so sufficiently impressed that they disclosed that their combined Traditional IRA account balances were in excess of $2,000,000.”

According to the filing, the former teen heartthrob earned the couple’s trust, told the couple to leave the decision-making up to him, and that he was “very knowledgeable in precious metals and precious metal IRA accounts and would make very specific recommendations that meet the Greenberg’s needs.”

The Greenbergs allege that they rolled over the entirety of their traditional IRA accounts into the gold IRA, per Von Detten’s insistence. They said they paid $2,146,958.22 for gold coins worth roughly $1,360,925.00, “without any notion that in a matter of just two weeks” their retirement accounts had been sapped of more than $780,000.

After the couple’s retirement accounts were drained, they say Von Detten convinced them to invest another $114,000 through a family trust.

Rosland Capital filed for bankruptcy in July.

The actor, who also starred in the TV series “So Weird” and the 1997 film “Leave It to Beaver,” was a star on the rise through the ’90s and early aughts. His career in Hollywood fizzled out over the last two decades. According to IMDb, he acted in the 2024 thriller “My Acting Coach Nightmare” and in 2010, he voiced Sid in “Toy Story 3,” a role he also played in the 1995 original. In 2018, he joined Rosland Capital.

Emma Finucane said she will “come back fighting” for gold medals after narrowly missing out on the top step of the podium for the third time at the Track Cycling World Championships, external in Shanghai.

Finucane, 23, was forced to settle for bronze in Sunday’s keirin after being pipped to the finish line by neutral athlete Alina Lysenko and Lea Friedrich of Germany after leading into the home straight.

She finished just 14 thousandths of a second off top spot, with her bronze adding to silver medals won in the team sprint and individual sprint – both won by Chinese cyclists.

Finucane was part of Great Britain’s team sprint gold medal-winning trio at the Paris Olympics in 2024 and Finucane says retaining that title in Los Angleles is the big aim.

She told BBC Sport: “To medal in all three races at the world champs, I’d never done that before.

“The confidence I have gained this week and the way I’ve been riding my bike, I can take that into the years to come.

“I’m actually really proud. I am frustrated not to be on the top step but I’ll come back fighting. You can beat yourself up about races but I am learning all the time.

“Ultimately we are learning for the Olympics, that’s a huge goal. I put myself in winning positions in every race and that’s something I am proud of.”

Finucane, who took bronze in both the individual sprint and keirin in Paris, won Britain’s first Olympic gold in the women’s team sprint alongside Katy Marchant and Sophie Capewell.

In Shanghai, Rhianna Parris-Smith replaced the newly-retired Marchant in the team which was beaten by Chinese trio Jiang Yulu, Tong Mengqi and Yuan Liying.

Finucane says the strength in depth inside the British team will drive them to success at the LA Games in 2028.

She said: “We won the team sprint in Paris which is one of the best moments of my life and there are 10 girls back at home fighting to be in the team. That’s how we progress, and we will build on the momentum of this silver medal.

“Internal competition is how we win bike races. World records keep falling, we are pushing each other and it’s really exciting.”

Great Britain topped the medal table overall at the championships with 12 medals, including a hat-trick of gold medals for Anna Morris.

China is increasing its gold reserves in a bid to reduce its dependence on US dollar assets and protect against financial and geopolitical risks, analysts say, while households are turning to the precious metal amid uncertainty over the domestic economy.

The People’s Bank of China reported buying gold for a 23rd consecutive month in September, when the country’s central bank also made its largest monthly purchase in nearly three years. The sustained buying points to a longer-term effort to spread risk associated with its vast reserves, experts say.

Among concerns is high US debt and Western governments’ freezing of assets, which has highlighted the inherent risk in holding money overseas, particularly for emerging market and Global South economies. Gold bought and stored domestically offers protection against that risk because access does not depend on the will of another government.

But central bank buying and household demand for gold in China have different drivers. While Beijing is managing its financial exposure, private investors are seeking somewhere to preserve their savings. Here is what we know.

How much gold has China bought?

China’s central bank added approximately 23 tonnes of gold in September, bringing its reported holdings to about 2,410 tonnes, according to the World Gold Council. That was its largest monthly purchase since October 2023. Gold accounted for 8.5 percent of China’s total official reserves at the end of September, compared with 5.5 percent at the end of 2024.

Reserves are assets central banks hold to ensure they can meet international payments and respond to financial disruption. They usually include foreign currencies, foreign government debt and gold.

Private demand for gold within China has also risen, with purchases of gold bars and coins 28.4 percent higher in the first half of 2026 than during the same period last year, according to the China Gold Association. The buying of gold has continued amid falling prices, with gold down around 8.5 percent over the month.

The World Gold Council attributed the decline in gold prices partly to a stronger dollar and higher returns on US government debt. With interest rates going up in an attempt to curb inflation, these investments are attractive for buyers as they pay interest, making them more attractive to private investors than gold, which does not.

Why is China buying more gold?

A key objective is to reduce dependence on US government debt, known as Treasuries, according to Thu Lan Nguyen, head of commodity research at Commerzbank in Frankfurt.

China holds substantial reserves in dollar-based assets and, therefore, buying gold reduces its exposure to decisions taken in Washington. “China’s gold purchases are part of a broader effort to make its reserves more resilient,” Nguyen told Al Jazeera.

The freezing by Western countries of roughly $300bn in Russian Central Bank overseas assets following Moscow’s invasion of Ukraine in 2022 demonstrated how reserves held abroad can quickly become inaccessible.

The concern for China may be that a future confrontation with Washington could expose some of its overseas assets to similar restrictions. “Gold held domestically has a crucial advantage in this respect: it does not represent a claim on another country and is therefore much less exposed to sanctions or asset freezes,” Nguyen said.

“I would interpret it primarily as risk management,” she added, pointing to increased geopolitical tensions and economic and fiscal risks.

America’s rising debt, which hit $40 trillion for the first time in history earlier this year, adds another source of uncertainty. In February, the US Congressional Budget Office projected that federal debt held by the public would rise from 101 percent of the size of the US economy in 2026 to 120 percent in 2036. That provides context for concerns about Washington’s ability to repay that debt going forward should an economic crash occur. Much of this debt is held by China. Gold, therefore, offers a less volatile and risky asset to hold.

Chinese households have different motivations for buying gold. When confidence in other investments weakens, gold can become more attractive as a way to hold savings. “Strong demand for gold can partly reflect a search for alternative stores of value,” Nguyen said.

The World Gold Council has identified weak Chinese share markets as one factor supporting domestic demand for gold, while its property market is burdened by heavy borrowing and overbuilding, contributing to a fall in housing prices, making it a poorer investment.

What this means for the US dollar

Analysts warned that China’s increased buying of gold does not signal an imminent end to the dollar’s global dominance. “I would be cautious about describing this as a major shift away from the dollar,” Nguyen said. “The dollar remains by far the dominant global reserve currency.”

But a gradual shift could still matter if China and other central banks put more of their new reserves into gold, buying fewer US assets than they normally would. That could weaken one source of demand for US government debt. But the effect would depend on how widely and quickly the shift developed.

“The key point is, therefore, that this is likely to be a slow diversification process rather than a sudden abandonment of the dollar,” Nguyen said. She added that the consequences for the US economy would remain limited unless the trend broadened and accelerated substantially.

Central banks also need readily available foreign currency to support international payments and the dollar remains central to those transactions. So gold can provide financial protection, but it cannot directly replace all the functions of dollar reserves.

Who else is buying gold?

China is part of a wider trend, particularly among central banks in emerging economies, Nguyen said.

“The trend is particularly visible among emerging market central banks,” Nguyen said. “But sanctions are only part of the story.”

Poland has also become a more prominent buyer. Its central bank purchased 31 tonnes in the first quarter of 2026 and another eight tonnes in July, according to the World Gold Council.

Large holdings do not necessarily indicate recent purchases. India, for example, confirmed in June that its physical gold stock remained unchanged at about 880.5 tonnes. India’s gold reserves have changed little since mid-2025, according to the World Gold Council. It bought about four tonnes in 2025, down from 73 tonnes in 2024.

Despite China’s sustained buying, its reserves remain far smaller than those of the United States. Its holdings of about 2,300 tonnes at the end of 2025 amounted to less than one-third of the US stockpile of approximately 8,133 tonnes.