Daily Dispatches

By Beatrice Materu
The East African, Nairobi, Kenya
via MSN.com, Redmond, Washington
Saturday, June 29, 2024

The Bank of Tanzania has started a large gold-buying initiative as part of a strategic drive to support the expansion of the mining industry and strengthen foreign exchange reserves.

The information was made public by Emmanuel Tutuba, the governor of the Bank of Tanzania, during his visit to the Geita Gold Refinery and the Mwanza Precious Metals Refinery Co. Ltd.

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7:13p ET Tuesday, July 2, 2024

Dear Friend of GATA and Gold:

Ross Norman, former proprietor of London bullion dealer Sharps Pixley, now CEO of Metals Daily, writes today that the price of gold has been rising not because of genuine physical demand but because of options buying on the Shanghai Futures Exchange. 

By Jp Cortez
Money Metals News Service, Eagle, Idaho
Monday, July 1, 2024

For the second time in less than a year, the New Jersey legislature has voted to end the sales tax on purchases of gold and silver coins, bars, and rounds without a single dissenting vote.

A2812 and S721, carried by Sens. Steinhardt and Sarlo and Asms. Greenwald, Swain, and Egan, enjoyed overwhelming support, passing the Senate by a vote of 40-0 and the Assembly with a 71-0 vote.

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By Su-Lin Tan
South China Morning Post, Hong Kong
Monday, July 1, 2024

Anxious consumers in Vietnam and Thailand are rushing to buy gold -- a sign of Asia’s mounting alarm, analysts say, over currency devaluations against the US dollar, inflation, and geopolitical uncertainty.

Visible queues of buyers waiting to snap up chunks of the yellow metal have persisted outside banks in the Southeast Asian nations for months, in scenes that underscore a growing sense of economic and geopolitical instability rippling through the region.