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Daily Dispatches
Rare joint currency intervention in Asia sends warning to markets
Submitted by admin on Fri, 2026-07-31 11:21 Section: Daily DispatchesBy Ankur Banerjee, Yena Park, and Samuel Indyk
Reuters
Thursday, July 30, 2026
Japan and South Korea both stepped in to buy their currencies on Thursday, sources and analysts said, while signs of U.S. support grew today in a rare coordinated intervention that marks an escalation in efforts to stem currency weakness.
The intervention gave the yen its biggest boost in almost two years and, if the past is any guide, any joint effort with the U.S. may prove strong enough to turn around the battered currency.
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U.S. Treasury yield curve 'twist' reflects view Fed may not hike again
Submitted by admin on Fri, 2026-07-31 11:15 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
Friday, July 31, 2026
NEW YORK -- A sharp shift toward a steeper U.S. Treasury bond curve following the Federal Reserve's decision to leave interest rates unchanged this week has raised concerns about the central bank's credibility and willingness to fully confront inflation.
Hong Kong's gold clearing system will change structure of market, Maguire tells LFTV
Submitted by admin on Fri, 2026-07-31 09:02 Section: Daily Dispatches9a ET Friday, July 31, 2026
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, speaking on Kinesis Money's "Live from the Vault" program this week, says the new gold trade-clearing system in Hong Kong is a sign of a structural change in the gold market, with pricing shifting from New York and London to Asia and hastening a worldwide revaluation of gold.
The program is 50 minutes long and can be found at the Kinesis Money channel at YouTube here:
Mike Maharrey: Could China's gold reserves surpass the U.S. in five years?
Submitted by admin on Thu, 2026-07-30 19:48 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Thursday, July 30, 2026
Could China's gold reserves surpass the United States’?
On the surface, this seems like a tall order, but analysts at BMO Capital say it could happen in the next five years given China's unreported gold buying.
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Japan intervenes to prop up yen ahead of central bank's rate decision
Submitted by admin on Thu, 2026-07-30 19:37 Section: Daily DispatchesBy Leika Kihara
Reuters
Thursday, July 30, 3036
TOKYO -- Japan conducted yen-buying, dollar-selling market intervention in New York markets today, a market source said, pulling the sagging currency from four-decade lows.
The move came ahead of the Bank of Japan's policy decision on Friday, where the central bank is widely expected to keep interest rates steady at 1% but signal its readiness to continue pushing up borrowing costs.
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Read between the lines of World Gold Council and FT reports
Submitted by admin on Thu, 2026-07-30 07:44 Section: Daily DispatchesThe real story here may be, first, that World Gold Council data is unreliable, and, second, that the Financial Times now can admit that China conceals much of its gold purchases.
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Central Banks Slashed Their Gold Purchases in Early 2026
By Leslie Hook
Financial Times, London
Thursday, July 30, 2026
Central banks bought far less gold during the first quarter of this year than previously thought, suggesting that one of the biggest growth engines for bullion demand may be cooling.
Hong Kong gold flows hit decade high in advance of new clearing system
Submitted by admin on Wed, 2026-07-29 10:42 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Tuesday, July 28, 2026
Hong Kong's imports of gold surged to the most since late-2014 in June, driven by preparations for the city's recently-launched clearing system as well as solid demand from mainland China.
Bullion inflows surged to more than 130 tons, according to the city's customs authority. Net imports, which indicate how much of the precious metal is staying within Hong Kong, were at their highest since December 2023.
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Anglo American in talks to sell De Beers for about $1 billion
Submitted by admin on Wed, 2026-07-29 10:35 Section: Daily DispatchesBy Thomas Biesheuvel, Antony Sguazzin, and William Clowes
Bloomberg News
Wednesday, July 29, 2026
Anglo American Plc is discussing a deal worth about $1 billion to sell its De Beers diamond business, just a fraction of what the one-time diamond monopoly was once worth.
Anglo has been looking to sell De Beers since it fended off an almost $50 billion approach from BHP Group in early 2024, yet its disposal process has been stymied by a crisis in the diamond market.
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Zijin Gold drops Allied deal in favor of $295 million stake
Submitted by admin on Wed, 2026-07-29 10:03 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Wednesday, July 29, 2026
Zijin Gold International's deal to acquire Canada's Allied Gold Corp. has been scrapped, with the Chinese mining company opting instead to invest about $295 million in the African-focused gold producer.
Zijin's $5.5-billion acquisition of Allied Gold in jeopardy as China stalls approval
Submitted by admin on Tue, 2026-07-28 23:53 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Tuesday, July 28, 2026
Zijin Gold International Co.'s $5.5-billion planned acquisition of Allied Gold Corp. is in jeopardy, with China dragging its feet on approving the transaction, Allied chief executive Peter Marrone told The Globe and Mail.
In January, Zijin Gold offered $44 a share in cash for Toronto-based Allied, which at the time represented an all-time high for the stock.
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