China's precious metals frenzy sparks protest as risks grow
Submitted by admin on Wed, 2026-01-28 19:32 Section: Daily DispatchesA more accurate headline might be: "Chinese investors angry that they can't get their money and more metal."
* * *
By Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, January 28, 2026
Chinese investors piling into a record-breaking rally in precious metals are becoming increasingly exposed to risk, as speculative demand pushes local prices well above international benchmarks.
Treasury secretary says Trump administration still pursues 'strong dollar policy'
Submitted by admin on Wed, 2026-01-28 19:24 Section: Daily DispatchesMonetary metals investors may say: Please keep at it!
* * *
By Claire Jones, Ian Smith, and Kate Duguid
Financial Times, London
Wednesday, January 28, 2026
The U.S. currency rebounded today after U.S. Treasury Secretary Scott Bessent said Washington was still pursuing a "strong dollar policy" and was not planning an intervention to boost the Japanese yen.
The dollar jumped as much as 0.9% against the euro and 1% against the yen after Bessent said in an interview with CNBC that he expected the U.S. currency to appreciate.
Tether is a new force to be reckoned with in the gold market
Submitted by admin on Wed, 2026-01-28 09:23 Section: Daily DispatchesBy Jack Ryan
Bloomberg News
Wednesday, January 28, 2026
Predicting the gold price is difficult, and it's only become more so since Tether Holdings SA, a crypto giant with one of the most profitable business models in the industry's history, kicked off an unexpected buying spree.
Tether has been snapping up gold at a rate of about 1 to 2 tons a week, according to its chief executive officer. That's faster than the vast majority of central banks and enough to have a small impact on global prices.
... Dispatch continues below ...
Mali detains 5 gold mine executives, sources tell Reuters
Submitted by admin on Tue, 2026-01-27 19:36 Section: Daily DispatchesBy Tiemoko Diallo
Reuters
Tuesday, January 27, 2026
Mali has detained five managers from the local entity operating the Yanfolila gold mine over alleged breaches of the country's mining code, two sources told Reuters.
The employees, from Societe des Mines de Komana, were detained on Friday for allegedly failing to repatriate foreign currency from export revenues, which is required under the mining code, the sources said.
... Dispatch continues below ...
... ADVERTISEMENT ...
Chinese solar cell producer will switch from silver to base metals
Submitted by admin on Tue, 2026-01-27 14:25 Section: Daily DispatchesBy Junaid Shah
Saur Energy International
Noida, India
Tuesday, January 6, 2026
LONGI Green Energy Technology announced Monday it will begin replacing silver with base metals in its solar cell production. This is in line with the industry's response to the metal's unprecedented price surge.
Chinese buyers and sellers expect gold rush to continue despite record prices
Submitted by admin on Tue, 2026-01-27 14:08 Section: Daily DispatchesBy Xihao Jiang, James Pomfret, and Joyce Zhou
Reuters
Tuesday, January 27, 2026
With gold prices setting new all-time highs this week, customers have been cramming into stores in Shanghai and Hong Kong that sell the precious metal, with some betting the price could rise even further.
"There are still quite a lot of people buying it, because gold awareness is a long‑term trend and it’s still heading upwards," gold seller Zhao Jinhao said today at a jewelry mall in Shanghai.
... Dispatch continues below ...
