ZIMBABWE’S gold export earnings surged to a record US$3.071bn during the first five months of 2026, nearly tripling the US$1.154bn recorded over the corresponding period last year, driven by soaring international bullion prices and increased gold deliveries.
Latest figures from the Reserve Bank of Zimbabwe (RBZ) show that gold exports generated US$1.158bn in May alone, up from US$278.1m in May 2025. The May performance also marked a sharp rebound from April, when export earnings had declined to US$97.2m.
The strong performance underscores gold’s growing role as Zimbabwe’s leading source of foreign currency at a time when international bullion prices continue to trade at record highs.
During the first five months of 2025, gold prices averaged between US$3,000 and US$3,350 per ounce. Over the same period this year, prices climbed to around US$5,000 per ounce, buoyed by heightened geopolitical tensions, sustained central bank purchases and increased investor demand for safe-haven assets amid global economic uncertainty. – (Business Times)
