You are here
Daily Dispatches
China's central bank keeps buying gold as reserves grow for eighth straight month
Submitted by admin on Mon, 2025-07-07 15:30 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
Monday, July 7, 2025
China added to its official gold reserves for an eighth straight month in June, as prices of the precious metal traded near a record high.
Bullion held by the People's Bank of China rose by 70,000 troy ounces last month, according to data released today. Its gold reserves have climbed by 1.1 million troy ounces -- or about 34.2 tons -- since the current run of purchases began in November last year.
... Dispatch continues below ...
China snaps up mines around the world in rush to secure resources
Submitted by admin on Sun, 2025-07-06 09:37 Section: Daily DispatchesBy Camilla Hodgson, Leslie Hook, and Edward White
Financial Times, London
Sunday, July 6, 2025
Chinese mining acquisitions overseas have hit their highest level in more than a decade as companies race to secure the raw materials that underpin the global economy in the face of mounting geopolitical tension.
Only JPM and Citi are long-term short in gold, trading for Fed, Maguire tells LFTV
Submitted by admin on Fri, 2025-07-04 17:41 Section: Daily Dispatches5:40p ET Friday, July 4, 2025
Dear Friend of GATA and Gold:
JPMorganChase and Citibank and the only two bullion banks with long-term short exposure in the gold market and are trading for the Federal Reserve, London metals trader Andrew Maguire tells the TF Metals Report's Craig Hemke on this week's edition of Kinesis Money's "Live from the Vault" program.
... Dispatch continues below ...
... ADVERTISEMENT ...
Alasdair Macleod: First half 2025 analysis of the precious metals
Submitted by admin on Fri, 2025-07-04 16:32 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, July 4, 2025
It’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding yes.
In quiet trading during a week foreshortened by U.S. Independence Day, gold has held up well, while silver has been squeezed higher. In European trading this morning, gold was $3,340, up $65 from last Friday's close, and silver at $36.80 was up 86 cents.
... Dispatch continues below ...
Stuart Englert: The incremental steps toward sound money
Submitted by admin on Fri, 2025-07-04 12:49 Section: Daily DispatchesBy Stuart Englert
stuartenglert.substack.com
Friday, July 4, 2025
If you want a pocketbook example of how far the United States has strayed from the supreme law of the land, look no further than the nation's money.
Today's dollar is nothing like it was intended when the U.S. Constitution was written and ratified nearly 240 years ago.
... Dispatch continues below ...
... ADVERTISEMENT ...
Hong Kong investors triple gold holdings in rush to haven asset, HSBC survey finds
Submitted by admin on Fri, 2025-07-04 12:21 Section: Daily DispatchesBy Cao Li
South China Morning Post, Hong Kong
Thursday, July 3, 2025
Affluent investors in Hong Kong have nearly tripled their allocation to gold amid economic and geopolitical uncertainties, according to an HSBC survey.
Individual investors in the city with US$100,000 to US$2 million in investible assets had allocated 11% of their portfolios to gold and other precious metals, up from 4% a year ago, according to the survey, published Thursday.
... Dispatch continues below ...
... ADVERTISEMENT ...
EPA settlement with Northern Dynasty could be turning point for U.S. critical minerals security
Submitted by admin on Fri, 2025-07-04 12:07 Section: Daily DispatchesBy Harrison Brooks
AInvest, New York
Friday, July 4, 2025
The U.S. federal government's push to secure domestic supplies of critical minerals like copper and rhenium has reached a pivotal moment. Northern Dynasty Minerals, the company behind the controversial Pebble Project in Alaska, is now in advanced negotiations with the Environmental Protection Agency to resolve a 2023 veto of the mine.
... Dispatch continues below ...
... ADVERTISEMENT ...
Gold-backed ZiG climbs most this year as Zimbabwe reserves surge
Submitted by admin on Fri, 2025-07-04 11:52 Section: Daily DispatchesBy Ray Ndlovu
Bloomberg News
Friday, July 4, 2025
Zimbabwe's gold-backed ZiG posted its best single-day gain against the dollar this year, boosted by surging bullion output and improved foreign currency reserves.
The currency strengthened 0.2% today to trade at 26.89 against the dollar, according to data posted on the central bank’s website. That is only its 12th day of appreciation against the U.S. currency this year.
... Dispatch continues below ...
... ADVERTISEMENT ...
Gold-selling frenzy in New York City's diamond district sparks cash shortages
Submitted by admin on Fri, 2025-07-04 11:45 Section: Daily DispatchesBy Lisa Fickenscher
New York Post
Wednesday, July 2, 2025
As gold prices hit all-time highs, owners of vintage baubles and family heirlooms are scrambling to trade them for dollars -- and the frenzy has sparked a cash shortage across New York City's Diamond District, the Post has learned.
Last week at Bullion Exchanges -- a storefront at 30 W. 47th St. in midtown Manhattan that displays assorted gold coins and jewelry behind thick plexiglass -- a handful of customers had been buzzed inside while others waited on the busy sidewalk.
Expropriated Venezuelan miners approach recovery through auction of Citgo
Submitted by admin on Thu, 2025-07-03 21:13 Section: Daily DispatchesGold Reserve's $7.38 Billion Bid Recommended as Winner of Citgo Auction
By Shubham Kalia and Marianna Parraga
Reuters
Thursday, July 3, 2025
Pages
