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Daily Dispatches
Hungary detains Ukrainian convoy carrying $82 million in cash and gold
Submitted by admin on Fri, 2026-03-06 10:19 Section: Daily DispatchesFrom the Associated Press
via NBC News, New York
Friday, March 6, 2026
Hungarian authorities have detained seven Ukrainian citizens, including a former intelligence officer, and seized two armored cars carrying large amounts of cash across Hungary on suspicion of money laundering, officials said today.
Ukraine accused Hungary of taking the Ukrainians hostage and illegally seizing millions of dollars in cash.
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Gold stuck in Dubai is sold at a discount as war widens
Submitted by admin on Fri, 2026-03-06 10:07 Section: Daily DispatchesBy Yihui Xie and Preeti Soni
Bloomberg News
Friday, March 6, 2026
Gold is being offered at a steep discount in Dubai, as the war in the Middle East grounds flights and hampers suppliers' ability to move bullion out of the key trading hub.
Many buyers have stepped back from new orders, unwilling to pay exceptionally high shipping and insurance costs with no guarantee of prompt delivery.
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China, U.S., other major countries freak out over Ghana's increase in gold mining royalties
Submitted by admin on Thu, 2026-03-05 15:47 Section: Daily DispatchesWazzamatter? Has the gold price gotten too high for them already?
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China, U.S. Pressure Ghana to Halt Gold Royalty Hike
By Maxwell Akalaare Adombila
Reuters
Thursday, March 5, 2026
DAKAR, Senegal -- China, the U.S., and other Western governments have mounted an unusually coordinated push to get Ghana to halt a gold royalty hike they say could harm some of the biggest miners, according to three sources with knowledge of the matter and a letter from an industry body.
Traders turn to Canada's dollar as Iran war's risks jolt market
Submitted by admin on Thu, 2026-03-05 10:16 Section: Daily DispatchesBy Miles J. Herszenhorn
Bloomberg News
Thursday, March 5, 2026
The Canadian dollar has become a top pick in the $9.5-trillion-a-day foreign exchange market due to its link to oil prices as the war in the Middle East grinds on.
As most major currencies fell versus the U.S. dollar this week in the wake of conflict between the U.S. and Iran, the loonie has weathered the volatility that engulfed currency markets. Oil prices have climbed since attacks began last weekend, a supportive move for Canada, the fourth-largest crude producer.
Poland’s central bank chief weighs gold sales to finance defense
Submitted by admin on Thu, 2026-03-05 10:06 Section: Daily DispatchesBy Piotr Skolimowski and Agnieszka Barteczko
Bloomberg News
via MSN News, Redmond, Washington
Thursday, March 5, 2026
Poland's central bank chief laid out a proposal to generate as much as 48 billion zloty ($13 billion) from the sale of gold reserves to finance defense spending as part of a plan backed by the nation's president, according to people familiar with the matter.
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U.S. begins extracting Venezuelan gold
Submitted by admin on Thu, 2026-03-05 09:54 Section: Daily DispatchesTrump Officials Broker Massive U.S.-Venezuela Gold Deal
By Marc Caputo
Axios, Arlington, Virginia
Wednesday, March 4, 2026
Venezuela's state-owned mining company on Monday inked a multimillion-dollar deal to sell as many as 1,000 kilograms of gold destined for U.S. markets, two sources familiar with the deal tell Axios.
The arrangement shows the tightening commercial bounds between Venezuela and the U.S. after President Trump ousted that nation's indicted socialist dictator and exerted de-facto control over its oil-rich petroleum company.
U.S. prepares to take over Venezuela's mining sector
Submitted by admin on Wed, 2026-03-04 20:38 Section: Daily DispatchesNot that Venezuela Has Done Such a Great Job With It.
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Venezuela mining reform coming soon, acting president says, as U.S. official hails potential
Bv Marianna Parraga
Reuters
Wednesday, March 5, 2026
Gold and silver flows disrupted as Iran war grounds flights
Submitted by admin on Wed, 2026-03-04 11:05 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Wednesday, March 4, 2026
Global flows of gold and silver are suffering major disruption as war in the Middle East halts most air traffic into and out of Dubai, in a move that traders say could trigger further volatility in prices that have already suffered sharp swings this year.
Iran war's oil shock threatens to unleash wave of global inflation
Submitted by admin on Wed, 2026-03-04 10:59 Section: Daily DispatchesBy Ziad Daoud, Dina Esfandiary, Jamie Rush, Jennifer Welch, and Tom Orlik
Bloomberg News
Tuesday, March 3, 2026
President Donald Trump's war with Iran threatens to deal a severe blow to a global economy still grappling with the impact of his historic tariff hike.
Silver price suppression may be coming to an end, Maguire tells LFTV
Submitted by admin on Tue, 2026-03-03 22:34 Section: Daily Dispatches10:26p ET Tuesday, March 3, 2026
Dear Friend of GATA and Gold:
In last week's installment of Kinesis Money's "Live from the Vault" program, London metals trader addressed the growing likelihood that a half century of silver price suppression is coming to an end as physical demand overwhelms Western futures markets. The episode is 51 minutes long and can be viewed at the Kinesis Money channel at YouTube here:
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