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Daily Dispatches
Ghana seeks to buy 30% of gold from miners to boost reserves
Submitted by admin on Mon, 2026-05-18 08:39 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Monday, May 18, 2026
Ghana has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say key commercial terms remain unresolved.
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Goldman says central banks want more gold for their reserves
Submitted by admin on Mon, 2026-05-18 08:33 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Sunday, May 17, 2026
Central banks are expected to step up gold-buying, helping prices to recover by year-end, according to Goldman Sachs Group Inc.
Purchases are expected to pick up to average 60 tons a month over 2026, analysts Lina Thomas and Daan Struyven said in a note dated May 15. Under a revised framework for estimated accumulation, the 12-month moving average of purchases was 50 tons in March, up from a prior figure of 29.
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The surprisingly mysterious reason we use the $ symbol for the U.S. dollar
Submitted by admin on Sat, 2026-05-16 23:02 Section: Daily DispatchesBy Annie Reneau
Upworthy, Los Angeles
Friday, May 15, 2026
We see many symbols in our everyday lives that we likely don’t pay much attention to: the @ in our email addresses, for instance, or the % in our weather forecasts. But do we ever wonder where these symbols came from? Why they look like they do? Or how they came to mean what they mean?
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Alasdair Macleod: Inflation undermines all asset values
Submitted by admin on Fri, 2026-05-15 14:01 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, May 15, 2026
The febrile condition of all asset markets headed by rising G7 bond yields is leading to uncertainty for gold and silver prices. One last sell-off is a golden opportunity for stackers.
Billionaire Sprott put 98% of his $3 billion fortune into gold and silver and says gold is headed to $10,000
Submitted by admin on Thu, 2026-05-14 17:13 Section: Daily DispatchesBy Godwin Oluponmile
Forbes, New York
via AP MoneyWise, New York
Gold has had one of the greatest two-year runs in its history and the man who saw it coming says it's just getting started.
Eric Sprott, 81, was at his vacation rental in San Jose, Costa Rica, in late January when Forbes checked in with him. This was right around the same time that silver had hit its all-time high of $100 an ounce, and Sprott wasn't impressed.
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Equinox Gold bids C$7 billion for Orla Mining to create Canada's second-largest gold producer
Submitted by admin on Wed, 2026-05-13 13:05 Section: Daily DispatchesBy Andrew Willis
The Globe and Mail, Toronto
Wednesday, May 13, 2026
https://www.theglobeandmail.com/business/industry-news/energy-and-resour...
Equinox Gold Corp. is bidding to join the ranks of North America's largest gold producers with an all-stock, C$7 billion offer for Orla Mining Ltd. pitched with zero takeover premium.
Ross Norman: India panics and burns the golden lifeboat
Submitted by admin on Wed, 2026-05-13 09:39 Section: Daily DispatchesBy Ross Norman
Metals Daily, London
Wednesday, May 13, 2026
The word I'm looking for is "contronym" -- a term that can mean its own opposite -- and it may be an apt description of gold right now. News that India has raised import duties on gold and silver from 6% to 15% is bullish and bearish at the same time.
Alaska makes gold and silver currencies legal tender
Submitted by admin on Wed, 2026-05-13 09:29 Section: Daily DispatchesBy Mari Kanagy
Anchorage Daily News
Wednesday, May 13, 2026
JUNEAU -- The Alaska Legislature passed a bill Tuesday to establish gold and silver currencies as legal tender and exempt them from sales taxes.
The bill passed the House unanimously last week, and passed the Senate 19-1 on Tuesday.
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India raises gold and silver tariffs to 15% to curb imports and support rupee
Submitted by admin on Tue, 2026-05-12 20:05 Section: Daily DispatchesBy Rajendra Jadhav, Aditya Kalra, and Mayank Bhardwaj
Reuters
Tuesday, May 12, 2026
NEW DELHI -- India has raised import tariffs on gold and silver to 15% from 6%, government orders said, as part of efforts to curb overseas purchases of the metals and ease pressure on the country's foreign exchange reserves.
The higher duties could dampen demand in the world's second-largest consumer of precious metals, although they may help narrow India's trade deficit and support the rupee, one of Asia's worst-performing currencies.
Indian banks resume bullion imports after month-long halt over 3% levy, Reuters says
Submitted by admin on Tue, 2026-05-12 19:41 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Tuesday, May 12, 2026
MUMBAI -- Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and government sources told Reuters.
The resumption is expected to boost the country's gold imports, widen the trade deficit, and put more pressure on the rupee, which is among Asia's worst-performing currencies this year.
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