Gold swapped by BIS fell slightly in February to 104 tonnes from 106 in January
Submitted by admin on Sat, 2026-03-07 08:23 Section: Daily Dispatches8:21a ET Saturday, March 7, 2026
Dear Friend of GATA and Gold:
Gold swaps undertaken by the Bank for International Settlements on behalf of its member central banks fell slightly in February to 104 tonnes from 106 tonnes in January, GATA's consultant on the BIS, Robert Lambourne, reported Friday.
Lambourne estimates the swaps from the bank's monthly statements of account, and the February statement was published last week:
U.S. administration sources downplay prospect of rigging oil futures market
Submitted by admin on Fri, 2026-03-06 12:27 Section: Daily DispatchesConstrue this to mean that if the U.S. government decides to manipulate the oil futures market, it will be done surreptitiously, as it has been done surreptitiously with the gold market, since open and public manipulation would fool no one.
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Trump Team Downplays Oil Futures Trading to Relieve Prices
By Jennifer A Dlouhy
Bloomberg News
Friday, March 6, 2026
U.S. Treasury plans to manipulate oil futures market to hold prices down
Submitted by admin on Fri, 2026-03-06 10:39 Section: Daily DispatchesIt already has plenty of experience with that kind of thing in the gold market but journalists won't ask about it.
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U.S. Weighs Oil Futures Market Action to Combat Price Spikes
By Jarrett Renshaw
Reuters
Thursday, March 5, 2026
The U.S. Treasury Department is expected to announce measures aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market, a senior White House official said.
Hungary detains Ukrainian convoy carrying $82 million in cash and gold
Submitted by admin on Fri, 2026-03-06 10:19 Section: Daily DispatchesFrom the Associated Press
via NBC News, New York
Friday, March 6, 2026
Hungarian authorities have detained seven Ukrainian citizens, including a former intelligence officer, and seized two armored cars carrying large amounts of cash across Hungary on suspicion of money laundering, officials said today.
Ukraine accused Hungary of taking the Ukrainians hostage and illegally seizing millions of dollars in cash.
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Gold stuck in Dubai is sold at a discount as war widens
Submitted by admin on Fri, 2026-03-06 10:07 Section: Daily DispatchesBy Yihui Xie and Preeti Soni
Bloomberg News
Friday, March 6, 2026
Gold is being offered at a steep discount in Dubai, as the war in the Middle East grounds flights and hampers suppliers' ability to move bullion out of the key trading hub.
Many buyers have stepped back from new orders, unwilling to pay exceptionally high shipping and insurance costs with no guarantee of prompt delivery.
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China, U.S., other major countries freak out over Ghana's increase in gold mining royalties
Submitted by admin on Thu, 2026-03-05 15:47 Section: Daily DispatchesWazzamatter? Has the gold price gotten too high for them already?
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China, U.S. Pressure Ghana to Halt Gold Royalty Hike
By Maxwell Akalaare Adombila
Reuters
Thursday, March 5, 2026
DAKAR, Senegal -- China, the U.S., and other Western governments have mounted an unusually coordinated push to get Ghana to halt a gold royalty hike they say could harm some of the biggest miners, according to three sources with knowledge of the matter and a letter from an industry body.
