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Daily Dispatches

India's gold investment demand tops jewelry for first time ever in March quarter

Section: Daily Dispatches

By Rajendra Jadhav
Reuters
Wednesday, April 29, 2026

MUMBAI -- India's investment demand for gold surpassed jewelry consumption for the first time on record in the March quarter, ​as investors turned to the precious metal amid subdued equity ‌market returns, the World Gold Council said today.

Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewelry buying, hit ​by a rally in prices, helping keep overall demand stable, ​the WGC said.

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Central banks are buying the dip in gold

Section: Daily Dispatches

By Preeti Soni and Jack Ryan
Bloomberg News
Wednesday, April 29, 2026

Central banks added gold holdings at the fastest pace in more than a year in the first quarter, as a slump in prices encouraged a wave of buying that more than offset sales by a handful of institutions.

Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous quarter, according to estimates from the World Gold Council, an industry body. Poland, Uzbekistan, and China were the largest reported buyers, although some other purchases were undeclared.

Royal Canadian Mint reviewing allegations about tainted Colombian gold

Section: Daily Dispatches

From the Canadian Press
via CTV News, Toronto
Monday, April 27, 2026

OTTAWA, Ontario, Canada -- The Royal Canadian Mint says it has initiated a full review in response to allegations some of its gold comes from a region of Colombia where drug cartels control mines.

Mint spokesperson Deneen Perrin says as soon as the mint learned of the allegations raised by the New York Times, it "immediately and fully" suspended the refining of any material from the supply chain in question.

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Barrick picks a NY primary listing for IPO of North American gold assets

Section: Daily Dispatches

By Robb M. Stewart and Adriano Marchese
The Wall Street Journal
Tuesday, April 28, 2026

Barrick Mining plans to list its prized North American gold assets in New York as part of an initial public offering set to be completed before the end of the year.

The mining company said today it has identified what it believes is the optimal structure for a separate listing of the assets, including a primary listing in New York and a secondary listing in Toronto.

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Gold prices have lost nearly 11% since the Iran war began, and reasons to buy are piling up again

Section: Daily Dispatches

By Myra P. Saefong
MarketWatch, New York
Monday, April 27, 2026

The value of gold has declined by nearly 11% since the Iran war began in late February, but opportunity in the precious-metals market for investors isn't just about that decline in prices: The rally in oil is expected to help boost gold's appeal too.

Royal Canadian Mint says its gold is traceable and clean, but it comes from a Colombian drug gang

Section: Daily Dispatches

Royal Canadian Mint says its gold is traceable and clean, but it comes from a Colombian drug cartel

By Justin Scheck
The New York Times
Monday, April 27, 2026

In the shadowy global gold industry, where terrorists, drug dealers, and dictators launder illegally mined gold into the mainstream market, one major supplier says buyers can count on its product to be clean and ethically sourced.

U.S. trade chief urges allies to pay more for critical minerals to undermine China

Section: Daily Dispatches

By Aime Williams
Financial Times, London
Wednesday, April 22 2026

President Trump's top trade official has told U.S. allies they must pay more for critical minerals sourced from outside China as Washington tries to break Beijing's stranglehold on supplies.

Jamieson Greer, the U.S. trade representative, said American allies must be ready to pay a "national security premium" for the minerals, which would be sourced from within a proposed group of trading partners including Europe.

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U.S. Mint buys drug cartel gold and sells it as 'American'

Section: Daily Dispatches

By Justin Scheck, Simon Posada, and Federico Rios
The New York Times
Sunday, April 26, 2026

Every year the United States Mint sells more than $1 billion of investment-grade gold coins. Each is stamped with an icon like the bald eagle, signifying the government’s guarantee, required by law, that the gold is 100 percent American.

"To hold a coin or medal produced by the Mint is to connect to the founding principles of our nation," the Mint declares.

But a New York Times investigation has found that the government's program of gold sales is based on a lie.

Will China's deal with Australian mining giant BHP boost yuan internationalization?

Section: Daily Dispatches

Sylvia Ma and Kandy Wong
South China Morning Post, Hong Kong
Friday, April 24, 2026

Australian mining giant BHP's decision to adopt a yuan-denominated index for a major Chinese buyer poses a challenge to the U.S. dollar's long-standing dominance in iron ore pricing, delivering a hard-won victory for Beijing, analysts said.

Treasury secretary sees potential new swap lines as boost to dollar's dominance

Section: Daily Dispatches

By Daniel Flatley
Bloomberg News
Friday, April 24, 2026

Treasury Secretary Scott Bessent talked up the idea of extending currency swap lines to more countries as a way to strengthen "dollar dominance" in a social media post today as speculation continues over why rich countries such as the United Arab Emirates would be interested in the arrangement.

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