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Daily Dispatches
Singapore sets out plan to support gold trading amid growing interest
Submitted by admin on Fri, 2026-03-27 08:41 Section: Daily DispatchesFrom Channel News Asia, Singapore
Friday, March 27, 2026
SINGAPORE -- Singapore will develop measures to strengthen the country's gold ecosystem, deputy chairman of the Monetary Authority of Singapore Chee Hong Tat said today amid growing interest among investors to vault and trade gold here.
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Turkey sold, swapped gold in part to hold domestic price down
Submitted by admin on Thu, 2026-03-26 20:30 Section: Daily DispatchesTurkey's $8 Billion Gold Drawdown on Iran War Hits Bullion
By Kerim Karakaya, Jack Ryan, and Beril Akman
Bloomberg News
Thursday, March 26, 2026
Turkey’s central bank sold and swapped about 60 tons of gold, worth more than $8 billion, in two weeks after the start of the war in Iran, adding to downward pressure on bullion prices.
Turkish gold reserves show a decline of 6 tons in the week of March 13 and another 52.4 tons in the week of March 20, marking a sharp drawdown in reserves, according to the latest data published by the central bank.
Turkey sold 22 tonnes of gold last week, bankers calculate
Submitted by admin on Thu, 2026-03-26 14:52 Section: Daily DispatchesBy Can Sezer and Nevzat Devranoglu
Reuters
Thursday, November 26, 2026
ISTANBUL -- The Turkish Central Bank's gold reserves fell by almost 50 tonnes to 772 tonnes last week, bank data showed, marking the largest weekly drop since August of 2018 amid fallout from the Iran war.
The central bank sold about $3 billion worth of gold last week for the first time, adding to the $26 billion in foreign currency sales it has carried out since the Iran war began nearly a month ago, reflecting steps by authorities to stabilise markets.
Barrick delays huge copper and gold mine in Pakistan amid Iran war
Submitted by admin on Thu, 2026-03-26 10:22 Section: Daily DispatchesBy Humza Jilani and Camilla Hodgson
Financial Times, London
Thursday, March 26, 2026
Barrick Mining is postponing its huge copper and gold project in Pakistan in response to the war in the Middle East and deteriorating security situation in the south Asian country.
The decision comes after the Toronto-based group last month launched a review of the Reko Diq development following a rise in separatist violence in the province of Balochistan, where the mine is located.
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Przemyslaw Radomski: Silver's most volatile week exposed widening gap between paper and physical
Submitted by admin on Thu, 2026-03-26 10:12 Section: Daily DispatchesBy Przemyslaw Radomski
Kitco News, Montreal
Wednesday, March 25, 2026
Silver flash-crashed 44% from its January high in a single week. What the price chart didn't show was happening inside the delivery system.
Silver hit $121.67 on January 29. By the intraday low on March 19, it was trading at $66–68 -- a 44–46% decline from the all-time high, compressed into less than eight weeks. If you positioned in silver throughout 2025 and watched that number, I understand the discomfort.
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Marcus Ashworth: Gold becomes more useful as a piggy bank than a haven
Submitted by admin on Thu, 2026-03-26 08:36 Section: Daily DispatchesBy Marcus Ashworth
Bloomberg News
via NDTV, New Delhi
Thursday, March 26, 2026
Gold's reputation as the ultimate store of value has been tarnished by its 15% decline since the Iran conflict began. It has failed to act as a haven or a geopolitical hedge.
Russia's Putin limits cash and gold exports
Submitted by admin on Thu, 2026-03-26 06:45 Section: Daily DispatchesBy Elena Teslova
Anadolu Agency, Ankara, Turkey
Thursday, March 26, 2026
Russian President Vladimir Putin signed decrees Wednesday restricting cash and gold exports as part of a broader campaign to combat the shadow economy and curb capital flight.
Under one decree, carrying ruble cash across the border of Russia to the Eurasian Economic Union will be prohibited in the amount equivalent to more than $100,000 at the exchange rate of the Bank of Russia from April 1, with certain exceptions.
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U.S. got $100 million of gold from Venezuela, U.S. interior secretary says
Submitted by admin on Thu, 2026-03-26 06:23 Section: Daily DispatchesBy Spencer Kimball
CNBC, New York
Wednesday, March 25, 2026
HOUSTON -- Interior Secretary Doug Burgum said today that the U.S. recently brought back $100 million of gold from Venezuela.
Burgum visited Venezuela with oil and mining executives this month to meet with interim President Delcy Rodriguez.
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Oil refiners in India tap dollar alternatives to buy Russian oil
Submitted by admin on Wed, 2026-03-25 15:10 Section: Daily DispatchesSurprise! Money is still fungible!
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By Saikat Das and Siddhi Nayak
Bloomberg News
Wednesday, March 25, 2026
Indian refiners are increasingly settling purchases of Russian oil in alternative currencies, according to people familiar with the matter, as they seek to reduce reliance on the dollar amid rising geopolitical tensions and shifts in U.S. policy.
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Ringleader pleads guilty to C$22 million gold, cash theft at Toronto airport
Submitted by admin on Tue, 2026-03-24 23:59 Section: Daily DispatchesBy Adrian Humphreys
National Post, Toronto
Tuesday, March 24, 2026
A ringleader of Toronto’s Pearson Airport gold heist has pleaded guilty for his part in the alarming plot that saw bandits brazenly steal more than $22 million in gold and cash from an Air Canada cargo warehouse in 2023, most of which remains missing.
Arsalan Chaudhary, a 43-year-old man formerly of Mississauga, pleaded guilty Monday, officials confirmed. He has not yet been sentenced.
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