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Daily Dispatches
Argentina refuses to disclose location of central bank's gold
Submitted by admin on Thu, 2025-01-09 22:38 Section: Daily DispatchesFrom the Buenos Aires Times
Thursday, January 9, 2025
Lawyers representing Argentina in a New York court have refused to reveal the location of the central bank's gold reserves, at least some of which is believed to be overseas.
In an ongoing lawsuit related to the 2012 expropriation of state energy firm YPF, the lawyers told Judge Loretta Preska that the government could not reveal the location of the reserves to their opponents in the case.
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Why investors are still buying gold despite a strong dollar and rising Treasury yields
Submitted by admin on Thu, 2025-01-09 22:30 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Thursday, January 9, 2025
Gold prices settled today at their highest level in four weeks, defying their usual inverse relationship with strength in the U.S. dollar and gains in Treasury yields, as fiscal worries prompt investors seek out safe-haven assets.
"Dollar strength, rising Treasury yields, and a rising gold price are all evidence of global concerns with the U.S. fiscal situation," Brien Lundin, editor at Gold Newsletter, told MarketWatch.
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'Huge fortune' in gold and silver coins from 1600s found in German church where Luther preached
Submitted by admin on Wed, 2025-01-08 13:04 Section: Daily DispatchesBy Laura Geggel
Live Science, New York
Tuesday, January 7, 2025
Restorers at a famous Gothic church in Germany have discovered a "huge fortune" that was hidden in the leg of a statue nearly 400 years ago.
The treasure -- four bags of coins from the 1600s -- was likely concealed during the Thirty Years War, when Swedish soldiers frequently plundered the region.
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Indian government slashes November gold import data by $5 billion
Submitted by admin on Wed, 2025-01-08 12:49 Section: Daily DispatchesBy Shreya Nandi
Business Standard, New Delhi
Wednesday, January 8, 2025
The central government has revised downward the gold import data for November to $9.8 billion, a sharp reduction from the earlier announced figure of $14.8 billion, according to data from the Directorate General of Commercial Intelligence and Statistics (DGCI&S) released today.
CME Group says its rules ban market rigging, but so what? They didn't catch it
Submitted by admin on Wed, 2025-01-08 11:00 Section: Daily DispatchesDear Friend of GATA and Gold (and Silver):
Our friend Paul Fitzgerald of Groton, Massachusetts, has just proven that even individuals can get the attention of the entities and organizations that purportedly supervise our rigged markets, even if the truth can't always be extracted from them.
Mike Maharrey: Just how good was gold in 2024?
Submitted by admin on Tue, 2025-01-07 19:06 Section: Daily DispatchesBy Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Sunday, January 5, 2025
Gold was one of the best-performing asset classes in 2024, outgaining the red-hot U.S. stock market.
People who follow financial news know that gold had a great year. Despite its typical apathy toward gold, even the mainstream was forced to sit up and take notice. But you may not realize just how well gold did.
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Please help GATA financially and get a 1-ounce silver round commemorating our work
Submitted by admin on Tue, 2025-01-07 17:39 Section: Daily Dispatches5:38p ET Tuesday, January 7, 2025
Dear Friend of GATA and Gold:
Longstanding Western central bank policy of monetary metals price suppression has never been more vulnerable than it is today.
Governments and central banks around the world have been defecting from the policy this year, accumulating gold and silver instead of lending them.
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China's central bank buys more gold as prices trade near record
Submitted by admin on Tue, 2025-01-07 17:35 Section: Daily DispatchesBy Sybilla Gross
Bloomberg News
via Yahoo News, Sunnyvale, California
Tuesday, January 9, 2025
China's central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.
Bullion held by the People's Bank of China rose to 73.29 million fine troy ounces in December, from 72.96 million in the previous month, according to data released today. The central bank resumed adding to its gold reserves in November after a 6-month pause. ...
TF Metals Report's Craig Hemke details the forces at work on gold and silver in 2025
Submitted by admin on Tue, 2025-01-07 11:49 Section: Daily Dispatches11:47a ET Tuesday, January 7, 2025
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report yesterday published an outstanding analysis of the prospects for the monetary metals in 2025 and the factors likely to influence their prices.
His basic conclusion about gold: "When we combine a softer dollar, lower interest rates, and a weaker economy with the continuance of central bank physical gold demand, we've got the recipe for another year of strong gains ahead."
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Gold miner Barrick threatens to freeze Mali operations in escalating dispute
Submitted by admin on Mon, 2025-01-06 13:02 Section: Daily DispatchesBy Tiemoko Diallo, Divya Rajagopal, and Portia Crowe
Reuters
Monday, January 6, 2025
BAMAKO, Mali -- Canada's Barrick Gold said today it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.
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