Coal has been Australia's top commodity export but gold is gaining
Submitted by admin on Mon, 2025-06-30 10:06 Section: Daily DispatchesBy Clyde Russell
Reuters
Monday, June 30, 2025
LAUNCESTON, Australia -- For decades, coal was the bedrock of Australia's commodity exports before it lost its top status to iron ore as shipments of the steel raw material to China soared.
Now coal is at risk of being surpassed by gold.
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China's Zijin Mining buys Kazakhstan gold mine for $1.2 billion
Submitted by admin on Mon, 2025-06-30 09:51 Section: Daily DispatchesBy Rajasik Mukherjee
Reuters
June 29, 2025
China's biggest gold and copper producer Zijin Mining said today it had agreed to buy one of the largest gold mines of Kazakhstan, the Raygorodok Gold Mine, for $1.2 billion.
Zijin said its unit Zijin Gold International and Jinha Mining, a subsidiary of Zijin Gold, had inked a deal to acquire the rights of RG Gold LLP and RG Processing LLP, the Kazakhstan-based gold mining firms that currently own and operate the Raygorodok gold mine. ...
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After many years of hindering acquisition of gold, India's central bank boasts of its own
Submitted by admin on Mon, 2025-06-30 09:41 Section: Daily DispatchesRBI's Secret Gold Vault Unveiled in Documentary
By Rajat Mishra
Republic, Noida, India
Sunday, June 29, 2025
In a first-of-its-kind move, the Reserve Bank of India has opened its hidden gold vault to public view, offering a rare glimpse into the heart of the nation's financial strength. This secretive treasure trove has been featured in the new documentary series "RBI Unlocked: Beyond the Rupee," streaming on Jio Hotstar.
Anthony Rowley: Central banks rush to gold as fears of U.S. dollar crisis mount
Submitted by admin on Sun, 2025-06-29 12:00 Section: Daily DispatchesBy Anthony Rowley
South China Morning Post, Hong Kong
Saturday, June 28, 2025
Why are central banks, including those of China and India, adding gold bullion to their reserves at an almost alarming rate, to the point where gold is now second only to the U.S. dollar as an official reserve asset?
It is not for the same reason that others are snatching up the yellow metal, which is to act as a hedge against inflation or stagflation.
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Martin Sandu: Welcome to the new age of financial repression
Submitted by admin on Sun, 2025-06-29 11:50 Section: Daily DispatchesBy Martin Sandbu
Financial Times, London
via MSN News, Redmond, Washington
Sunday, June 29, 2025
The trade war unleashed by Donald Trump may be just the precursor for much larger turmoil in the global economy. Whatever tariffs look like when the dust settles, deficits, surpluses and trade patterns will still be shaped by financial flows. It is only a matter of time before another economic policy war flares up -- indeed, it has already begun.
Welcome to the new age of financial repression.
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Why central banks are pulling gold from the U.S., and why it started in Germany
Submitted by admin on Sat, 2025-06-28 11:42 Section: Daily DispatchesBy Jeremy Szafron
Kitco News, Montreal
Friday, June 27, 2025
A quiet repatriation campaign launched by Germany more than a decade ago has now evolved into a global rethink of who controls sovereign wealth.
Peter Boehringer, the architect of Germany's gold repatriation program, says what started as a debate in one Parliament is now playing out in central banks around the world.
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