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Daily Dispatches
Economists figure out Indian central bank's currency market intervention
Submitted by admin on Wed, 2026-07-22 21:07 Section: Daily DispatchesIndia's RBI Llikely Used Dollar Deposit Surge
to Cut Record FX Forward Book, Economists Say
By Nimesh Vora
Reuters
Wednesday, July 22, 2026
MUMBAI -- The Reserve Bank of India has likely used part of the initial inflows from its foreign-currency deposit drive to unwind a portion of its massive foreign exchange forward book, economists said, helping the central bank reduce near-term obligations.
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Chinese banks halt retail paper gold trading: Risk mitigation or price discovery?
Submitted by admin on Wed, 2026-07-22 21:00 Section: Daily DispatchesBy Melissi Pistilli
Investing News Network, Vancouver
Wednesday, July 22, 2026
In a development causing a stir in the gold sector, Chinese banks are pulling the plug on retail paper gold trading.
The U.S. has collected about $13 billion of Venezuela's oil money, but where is it?
Submitted by admin on Wed, 2026-07-22 10:20 Section: Daily DispatchesBy Geoff Dyer, Chris Cook, and Ana Rodríguez Brazon
Financial Times, London
Wednesday, July 22, 2026
The Trump administration has collected more than $13 billion in revenues from Venezuelan oil sales this year, according to FT calculations, but has said almost nothing about what has happened to the money.
The U.S. took control of Venezuela's oil exports and suspended some sanctions after capturing President Nicolas Maduro in January and installing vice-president Delcy Rodríguez as leader.
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NovaGold to buy billionaire Paulson's stake in Alaska mine
Submitted by admin on Wed, 2026-07-22 10:03 Section: Daily DispatchesBy Jacob Lorinc
Bloomberg News
Wednesday, July 22, 2026
NovaGold Resources Inc. agreed to acquire billionaire investor John Paulson’s 40% stake in the Donlin Gold project in Alaska, giving the company full ownership of a giant undeveloped bullion mine.
Russia is reported to have sold gold for six months to help cover budget deficit
Submitted by admin on Tue, 2026-07-21 16:49 Section: Daily DispatchesFrom Priamyi, Kiev
Tuesday, July 21, 2026
Russia's central bank has been reducing its gold reserves for six straight months, selling the precious metal to cover a growing federal budget deficit. According to media estimates, the current sell-off is the largest in at least 25 years.
This is reported by The Moscow Times, citing data from the World Gold Council.
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U.S. govt. isn't the only one to manipulate markets
Submitted by admin on Tue, 2026-07-21 12:30 Section: Daily DispatchesChina's 'National Team' Buys Shares Worth $9 Billion to Prop Up Market
By William Sandlund
Financial Times, London
Monday, July 20, 2026
China's "national team" of funds has bought close to $9 billion in equities as Beijing seeks to support the stock market following a bruising sell-off on Friday.
Funds associated with the central government announced they had purchased nearly Rmb60 billion ($8.9 billion) worth of stocks late on Sunday, helping boost Chinese indices on Monday even as other Asian markets dropped.
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China buys the dip as gold is 'technically oversold'
Submitted by admin on Tue, 2026-07-21 12:00 Section: Daily Dispatches11:59a ET Tuesday, July 21, 2026
Dear Friend of GATA and Gold:
If you're looking for encouraging signs, MarketWatch today quotes some analysis showing that China has been buying the recent fall in gold prices and an upward reversal is coming:
Goldman Sachs note hints China's gold accumulation may be far more than official numbers
Submitted by admin on Tue, 2026-07-21 00:14 Section: Daily DispatchesBy Eamonn Sheridan
Investing Live, Limassol, Cyprus
Monday, July 20, 2026
China's true pace of gold accumulation is running far ahead of what official figures suggest, according to new estimates from Goldman Sachs. The bank calculates that China acquired more than 48 tonnes of gold in May through the London over-the-counter market, the largest monthly purchase in over a year and nearly five times the 10 tonnes officially reported by the People's Bank of China for that month.
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U.S. technology giants' $1.65 trillion 'invisible debt' sparks concerns
Submitted by admin on Mon, 2026-07-20 23:52 Section: Daily DispatchesBy Choi In-jun
The Chosun Daily, Seoul
Wednesday, July 20, 2026
Major U.S. big tech companies have accumulated "invisible debt" totaling $1.65 trillion through massive investments in artificial intelligence infrastructure, surpassing the debt officially recorded in their financial statements.
Concerns are growing that these companies could face astronomical liabilities if global AI demand falls short of industry projections.
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On LFTV, Macleod and Maguire discuss China's takeover of the gold market
Submitted by admin on Mon, 2026-07-20 10:34 Section: Daily Dispatches10:34a ET Monday, July 20, 2026
Dear Friend of GATA and Gold:
Monetary metals market analyst Alasdair Macleod is the guest on this week's episode of Kinesis Money's "Live from the Vault" program, joining London metals trader Andrew Maguire in a discussion of China's takeover of the international gold market and its establishing the yuan as a gold-backed alternative to the U.S. dollar. The yuan, Macleod says, will become the settlement currency for gold trades.
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