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Daily Dispatches
Indian owner of Swiss gold refiner Valcambi investigated over $159 billion of inflated revenue
Submitted by admin on Thu, 2026-06-04 20:43 Section: Daily DispatchesBy Ashutosh Joshi
Bloomberg News
Thursday, June 4, 2026
India's markets regulator has alleged that the owner of Swiss gold refiner Valcambi SA overstated revenue, according to an interim order issued today.
Mumbai-listed Rajesh Exports Ltd. misrepresented about 15.2 trillion rupees ($159 billion) -- equaling 99.80% of its revenues from subsidiaries over the five fiscal years through March 2025, the Securities and Exchange Board of India said in its order and asked the company to make "true and fair" disclosures in its financial statements and other filings.
Robert Lambourne: BIS gold swaps soared in March before dropping in April
Submitted by admin on Thu, 2026-06-04 13:41 Section: Daily DispatchesBy Robert Lambourne
Thursday, June 4, 2026
Gold swaps undertaken by the Bank for International Settlements on behalf of its member central banks are estimated to have increased strongly in March, up 77 tonnes, rising from 104 tonnes to 181 tonnes, before falling by 47 tonnes to 134 tonnes in April.
This is still a notable increase from the swaps estimated at the end of last year, 56 tonnes.
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Russia says it mined more gold than China
Submitted by admin on Thu, 2026-06-04 09:07 Section: Daily DispatchesBy Cecilia Jamasmie
Mining.com, Toronto
Wednesday, June 3, 2026
Russia says it could produce as much as 500 tonnes of mined gold this year, a figure that would make it the largest producer and far exceed estimates from independent industry observers.
Natural Resources Minister Alexander Kozlov told state-run news agency Tass that Russia would mine between 480 and 500 tonnes of gold in 2025 and that output last year may also have been about 480 tonnes.
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Zimbabwe's gold rush hastens as $1 billion mine targets 100,000 ounces a year
Submitted by admin on Wed, 2026-06-03 09:04 Section: Daily DispatchesBy Ayodeji Adegboyega
Business Insider Africa, New York
Tuesday, June 2, 2026
UK-listed Ariana Resources says ore reserves at its Dokwe Gold Project have surged 42% to 1.13 million ounces, transforming the asset into one of Zimbabwe's most significant undeveloped gold deposits and placing it on course to rival some of the country's largest gold mines.
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India's central bank denies Bloomberg report it sold gold
Submitted by admin on Wed, 2026-06-03 08:56 Section: Daily DispatchesBy Anup Roy
Wednesday, June 3, 2026
India's central bank said a report that it's selling gold is "not correct," pointing to data showing its physical stock of gold has remained unchanged.
Vince Lanci's new book, 'As Good As Gold : The Return of Real Money"
Submitted by admin on Tue, 2026-06-02 21:14 Section: Daily Dispatches9:14p ET Tuesday, June 2, 2026
Dear Friend of GATA and Gold:
Market analyst, trader, and gold advocate Vince Lanci, proprietor of the VBLGoldFix site at Substack, has just published a book titled "As Good As Gold: The Return of Real Money."
Bella Barda-Bareket: The dollar is not retreating; the global contract is being renegotiated
Submitted by admin on Tue, 2026-06-02 14:04 Section: Daily DispatchesBy Bella Barda-Bareket
Ynet.com, Tel Aviv, Israel
Tuesday, June 2, 2026
For nearly 80 years the dollar has been far more than a means of payment. It has functioned as the operating system of globalization. Countries sold goods to America, received dollars in return, invested those dollars in U.S. Treasury bonds, and, in doing so, helped finance the American consumer, the American military, and the American debt.
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India may have sold gold to save FX reserves, Bloomberg analysis shows
Submitted by admin on Tue, 2026-06-02 09:40 Section: Daily DispatchesBy Preeti Soni
Bloomberg News
Tuesday, June 2, 2026
India's central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data.
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Gold replaces U.S. Treasuries as top reserve asset, ECB says
Submitted by admin on Tue, 2026-06-02 05:09 Section: Daily DispatchesBy Olaf Storbeck and Leslie Hook
Financial Times, London
Tuesday, June 2, 2026
Gold has overtaken U.S. government bonds as the top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years.
Bullion accounted for 27% of all central bank reserve assets at the end of 2025, up from 20% a year earlier, according to a report published today by the European Central Bank. U.S. Treasuries fell to 22% from 25% over the same period.
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Barrick weighs London listing as it negotiates sale of Africa business, sources tell Reuters
Submitted by admin on Tue, 2026-06-02 02:54 Section: Daily DispatchesBy Divya Rajagopal and Clara Denina
Reuters
Monday, June 1, 2026
TORONTO -- Barrick Mining, a leading gold miner, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters.
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