Last week's official intervention against gold and silver will prompt more official buying
Submitted by admin on Thu, 2026-10-08 20:10 Section: Daily Dispatches8:10p ET Thursday, October 8, 2026
Dear Friend of GATA and Gold:
On this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says last week's smashing of gold and silver prices was an official intervention timed for the week-long closure of the Shanghai Gold Exchange, with 91 tonnes of "paper" gold and 1,400 tonnes of "paper" silver being sold.
Gold powerhouse Ghana seeks entry to Russia-China-backed BRICS bloc
Submitted by admin on Thu, 2026-10-08 19:06 Section: Daily DispatchesBy Solomon Ekanem
Business Insider Africa, New York
Thursday, October 8, 2026
Ghana has announced plans to formally apply for membership of BRICS, seeking India's backing as the West African gold powerhouse looks to deepen ties with an expanding bloc led by emerging-market powers including Russia and China.
Ghana's foreign affairs minister, Samuel Okudzeto Ablakwa, announced the decision Tuesday during a joint press briefing with visiting Indian External Affairs Minister S. Jaishankar.
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India scraps tax relief for gold imports, raising costs
Submitted by admin on Thu, 2026-10-08 08:59 Section: Daily DispatchesBy Shruti Srivastava and Preeti Soni
Bloomberg News
Thursday, October 8, 2026
India withdrew a tax benefit on gold, silver and platinum imported by banks and state-nominated agencies, subjecting shipments to a 3% levy and raising costs for the main channels supplying one of the world’s largest bullion markets.
Brien Lundin: The Fed trap is tightening
Submitted by admin on Wed, 2026-10-07 19:34 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Gold Opportunities, Metairie, Louisiana
Wednesday, October 7, 2026
Gold is getting punched in the mouth again today.
And if you've been following this bull market for any length of time, you know that's not necessarily a bad thing. In fact, it may be giving us exactly the opportunity we’ve been waiting for.
Because this gold bull market has changed.
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China's central bank adds gold in Sept. as bullion weakens
Submitted by admin on Wed, 2026-10-07 09:39 Section: Daily DispatchesBy Jessica Zhou
Bloomberg News
Wednesday, October 7, 2026
China added more gold to reserves last month, pushing a buying streak close to the two-year mark as prices weaken toward $4,000 an ounce.
Holdings of bullion at the People's Bank of China expanded by 740,000 ounces in September, marking the 23rd month of accumulation, according to data today. The central bank -- among the biggest gold buyers in the world -- has stepped up purchases in recent months after prices fell.
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Hong Kong's bridge of gold completes China's yuan ambition
Submitted by admin on Tue, 2026-10-06 09:43 Section: Daily DispatchesBeijing's push to accumulate gold serves a larger goal: yuan internationalisation. In this series, Part I traces China's path to becoming a gold superpower, while this article explores Hong Kong's key role in safeguarding the nation's financial security.
By Chow Chung-yan
South China Morning Post, Hong Kong
Tuesday, October 6, 2026
