You are here
Daily Dispatches
Caucasus nation of Georgia purchases $100 million in gold to boost its reserves
Submitted by admin on Thu, 2026-06-11 16:23 Section: Daily DispatchesFrom Business Media, Tbilisi, Georgia
Wednesday, June 10, 2026
Following a decision by the board of the National Bank of Georgia, the central bank has acquired an additional US$100 million worth of highest-purity (999.9) LBMA-standard gold bullion for its international reserves.
SilverTrade.com finds GATA Chairman Murphy still bullish despite attacks on metals
Submitted by admin on Thu, 2026-06-11 15:52 Section: Daily Dispatches4:50p ET Thursday, June 11, 2026
Dear Friend of GATA and Gold (and Silver):
Jon Lindau, managing editor of SilverTrade.com, this week interviewed GATA Chairman Bill Murphy about why he's still bullish on silver despite the recent attacks on the monetary metals. The interview is 27 minutes long and can be seen at the Silver Trade channel at YouTube here:
Monetary metals industry coalition urges Congress to pass SILVER Act
Submitted by admin on Thu, 2026-06-11 15:38 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Thursday, June 11, 2026
A broad coalition representing dozens of key stakeholders across all segments of the U.S. precious metals industry formally called on Congress today to advance the System Integrity through Licensed Vault Expansion & Resilience Act (SILVER Act), bipartisan legislation designed to address national security risks by strengthening the resilience, competitiveness, and geographic diversity of America's precious metals market infrastructure.
... Dispatch continues below ...
New Fed chairman wants to move the inflation goalposts
Submitted by admin on Wed, 2026-06-10 09:48 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Tuesday, June 9, 2026
What do you do if you have a standard that's not being met?
Move the goalposts!
Of course you could work harder to meet the goal. But that's hard. So why not just change the standard and make it easier to meet?
That seems to be a strategy at the Federal Reserve.
... Dispatch continues below ...
... ADVERTISEMENT ...
Consumer prices rose 4.2% annualized in May, highest in three years
Submitted by admin on Wed, 2026-06-10 09:41 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Wednesday, June 10, 2026
Inflation accelerated in May as rising energy costs contributed to pain for consumers, though underlying pressures were less intense.
The consumer price index, a broad gauge of goods and services costs across the U.S. economy, rose at a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 4.2%, the Bureau of Labor Statistics reported today.
... Dispatch continues below ...
... ADVERTISEMENT ...
Governments sell bonds at record pace as their spending soars
Submitted by admin on Wed, 2026-06-10 09:03 Section: Daily DispatchesBy Hannah Benjamin-Cook and Alice Gledhill
Bloomberg News
Wednesday, June 10, 2026
Governments are borrowing from syndicated bond markets at a record clip as public spending surges.
Sovereign issuers have sold $504 billion of the debt -- which is offered to investors via banks -- so far this year, according to data compiled by Bloomberg.
That's more than in the first half of 2020, when nations were paying to support their economies during Covid-19 lockdowns.
... Dispatch continues below ...
India's gold tariff hike prompts smuggling revival, squeezes banks and refiners
Submitted by admin on Wed, 2026-06-10 08:53 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Tuesday, June 9, 2026
MUMBAI -- India's sharp increase in gold import tariffs is fueling a resurgence in smuggling that could exceed 100 metric tons this year, as soaring gray-market margins allow smugglers to undercut banks and refiners of the precious metal, industry officials and bullion dealers said.
BIS gold swaps rise as the metal's price falls
Submitted by admin on Tue, 2026-06-09 21:53 Section: Daily Dispatches9:53p ET Tuesday, June 9, 2026
Dear Friend of GATA and Gold:
As gold prices keep falling, gold swaps arranged by the Bank for International Settlements on behalf of its member central banks keep rising.
Drawing on the bank's monthly statement for May --
Craig Hemke: Central bank gold demand and price trends
Submitted by admin on Tue, 2026-06-09 18:22 Section: Daily DispatchesBy Craig Hemke
Sprott Money, Toronto
Tuesday, June 9, 2026
Central bank demand has been a key driver of the gold price since 2023. While a few countries have sold some gold in early 2026, several others have picked up the pace and their continued demand provides long term support for price.
Singapore's OCBC Bank to offer physical gold trading and storage
Submitted by admin on Tue, 2026-06-09 11:59 Section: Daily DispatchesBy Timothy Goh
The Straits Times, Singapore
Monday, June 8, 2026
SINGAPORE -- Wealthy investors will soon be able to buy and store physical gold bars with OCBC Bank, as demand for holding bullion in Singapore grows amid persistent geopolitical tensions and economic uncertainty.
The service will be available from June 10 to OCBC's institutional clients, as well as high-net-worth and ultra-high-net-worth clients of its private banking arm, Bank of Singapore.
... Dispatch continues below ...
Pages
