Gold buyers in China on alert over hard-to-detect fakes
Submitted by admin on Fri, 2026-05-01 16:16 Section: Daily DispatchesBy Aw Cheng Wei and Joyce Z.K. Lim
The Straits Times, Singapore
Friday, May 1, 2026
CHONGQING / SHENZHEN, China -- Office executive Xu Tanji was contemplating buying a gold pendant for her mother's birthday at a neighbourhood jewellery store near her house in Chongqing when she saw news reports about counterfeit gold.
State broadcaster China Central Television (CCTV) reported on April 26 that fraudsters had been mixing rhenium -- a silvery rare metal that costs a fraction of the price of gold -- with the precious metal to make fakes that are hard to detect.
India now wants its gold under its own lock and key
Submitted by admin on Fri, 2026-05-01 16:10 Section: Daily DispatchesFrom The Times of India, Mumbai
Friday, May 1, 2026
Gold is quietly slipping back into national vaults across the world. What once sat comfortably in London and New York is now being packed up, shipped, and locked away closer to home.
Behind this movement is not a gold rush, but a question of trust. Who really holds your wealth when global economy -- or politics -- gets rough?
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U.S. national debt surpasses economy for first time since World War II
Submitted by admin on Fri, 2026-05-01 11:22 Section: Daily DispatchesBy Eric Revell
Fox Business, New York
Thursday, April 30, 2026
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn't been crossed since the conclusion of World War II.
Data released by the Bureau of Economic Analysis today showed that the national debt held by the public reached $31.27 trillion as of March 31, while nominal gross domestic product (GDP) was estimated at $31.22 trillion for the 12-month period ending in March.
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Japan rigs FX market for first time in two years to boost yen, sources tell Reuters
Submitted by admin on Fri, 2026-05-01 09:10 Section: Daily DispatchesBy Leika Kihara and Tamiyuki Kihara
Reuters
Thursday, April 30, 2026
Japan intervened to prop up the yen against the U.S. dollar today, its first official currency action in nearly two years, two sources familiar with the matter told Reuters, sending the Japanese unit currency higher by as much as 3%.
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Alasdair Macleod: Comex silver grinds to a halt
Submitted by admin on Fri, 2026-05-01 08:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, May 1, 2026
With open interest down to multi-decade lows, trading in silver is the risk no one is prepared to take. Market-makers make wide prices and speculators are not prepared to play.
Open interest in both gold and silver Comex contracts is extremely low, as we explain in this report. And it should be borne in mind that current levels of open interest represent very oversold markets ripe for a bear squeeze.
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Buffalo hockey fans finish 'O Canada' after singer's microphone malfunctions
Submitted by admin on Thu, 2026-04-30 20:24 Section: Daily DispatchesBy Jin Yu Young
The New York Times
Wednesday, April 29, 2026
https://www.nytimes.com/2026/04/29/sports/hockey/buffalo-sabres-nhl-canadian-anthem.html
As Cami Clune sang the Canadian national anthem before a National Hockey League playoff game in Buffalo on Tuesday night, she faced a singer's nightmare: Her microphone started cutting out.
