Daily Dispatches

China's Central Bank Adds Gold in Hong Kong to Support Hub

From Bloomberg News
Thursday, August 6, 2026

China's central bank is stockpiling more gold in Hong Kong, according to people familiar with the matter, in a move that's likely to support the city’s push to become a major bullion-trading hub.

The People's Bank of China has built up inventories in Hong Kong over the past few months, said the people, who asked not to be named discussing private matters. 

... Dispatch continues below ...

By Ange Adihe Kasongo and Maxwell Akalaare Adombila
Reuters
Thursday, August 6, 2026

KINSHASA, DR Congo -- The Democratic Republic of Congo has banned ‌exports of copper concentrate and cobalt concentrate as it escalates efforts to force domestic processing and retain more value from its mineral resources, a government order reviewed by Reuters today shows.

By Kimberley Long
The Banker, London
Wednesday, August 5, 2026

Asian banks have considerably increased their gold product offering in recent months, spurred by growing consumer and central bank demand for a safe-haven commodity and local clearing.

The number of gold-focused banking products and services has risen significantly since the start of 2026. New developments include Singapore's DBS offering fractionalised gold trading through its retail app, enabling customers to purchase tokens backed by one gramme of physical gold.

By Lee Ying Shan
CNBC, New York
Monday, August 3, 2026

Washington's decision to join Japan in supporting the battered yen has prompted questions over what motivated the rare coordinated intervention, with analysts pointing to concerns over U.S. Treasury markets and Japan's financial system.

Tokyo has grown increasingly wary of the yen's decline, which recently dropped to its weakest level against the dollar in nearly four decades. The yen had been hovering at multi-decade lows, sliding to 163.73 per dollar last Thursday before rebounding to 157.57 on Friday.