You are here
Daily Dispatches
Pound falls again as Bank of England rules out emergency rate hike
Submitted by admin on Mon, 2022-09-26 12:10 Section: Daily DispatchesBy James Warrington, Tom Rees, and Matt Oliver
The Telegraph, London
Monday, September 26, 2022
The governor of the Bank of England has ruled out an emergency rate rise following a rout in the pound.
In a statement just minutes after a separate one by Kwasi Kwarteng, the chancellor, Andrew Bailey said the bank's monetary policy committee "will not hesitate to change interest rates by as much as needed" to bring inflation under control.
... Dispatch continues below ...
Bank of England prepares emergency intervention as pound slumps to all-time low
Submitted by admin on Mon, 2022-09-26 10:19 Section: Daily DispatchesBy James Warrington,Tom Rees, and Matt Oliver
The Telegraph, London
Monday, September 26, 2022
The Bank of England is understood to be preparing an intervention after the pound crashed to an all-time low against the dollar.
The Bank is expected to issue a statement as soon as today amid mounting pressure on Governor Andrew Bailey for an intervention to help shore up the economy.
... Dispatch continues below ...
... ADVERTISEMENT ...
Ghana's central bank to buy another 125,000 oz. of domestic gold by year-end
Submitted by admin on Sun, 2022-09-25 11:00 Section: Daily DispatchesFrom the Ghana News Agency
via PeaceFM, Accra
Saturday, September 24, 2022
Gold-producing member companies of the Ghana Chamber of Mines will, by December 2022, sell about 125,000 ounces of gold to the Bank of Ghana under the central bank's Domestic Gold Purchase Programme.
Join GATA at the New Orleans Investment Conference Oct. 12-15
Submitted by admin on Sun, 2022-09-25 10:51 Section: Daily DispatchesGATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers.
* * *
By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
-- Central banks -- led by the Federal Reserve -- intent to fight off rising inflation with rate hikes.
With Wall Street Silver, GATA's Steer discusses frantic moves in monetary metals
Submitted by admin on Fri, 2022-09-23 11:38 Section: Daily Dispatches11:33a ET Friday, September 23, 2022
Dear Friend of GATA and Gold (and Silver):
GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest, was interviewed this week by Wall Street Silver, discussing the frantic movements on the monetary metals exchanges and the switch of commercial traders from short to long positions.
The interview is 19 minutes long and can be heard at YouTube here:
Gold fetches huge premium in China as demand improves
Submitted by admin on Fri, 2022-09-23 09:15 Section: Daily DispatchesFrom Bloomberg News
Thursday, September 22, 2022
Gold in China is trading at a huge premium to international prices as a revival in demand outstrips the country’s imports.
Benchmark prices in Shanghai have climbed to a premium of more than $43 an ounce over their London equivalent, the highest since 2019, according to data from the World Gold Council. Unusually, the two have steadily diverged over the course of the month, with the Chinese market remaining relatively firm despite pressure on international prices.
Trump was once paid in gold bars by leaseholder, book says
Submitted by admin on Thu, 2022-09-22 21:09 Section: Daily DispatchesBy Zach Schonfeld
The Hill, Washington
Thursday, September 22, 2022
Former President Trump was once paid with dozens of gold bars to cover the lease of a Manhattan parking garage he owned, according to a new book.
New York Times journalist Maggie Haberman's forthcoming book, titled "Confidence Man: The Making of Donald Trump and the Breaking of America," includes an episode detailing the payment and other business practices, according to an excerpt shared with CNN.
... Dispatch continues below ...
Alasdair Macleod: Gold has never been so attractive
Submitted by admin on Thu, 2022-09-22 11:28 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, September 22, 2022
In our lifetimes we have not seen anything like the developing economic and financial crisis. Rising interest rates are way, way behind reflecting where they should be.
Swiss imports of Russian gold rise to most since April 2020
Submitted by admin on Tue, 2022-09-20 21:17 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Tuesday, September 20, 2022
Switzerland's imports of Russian gold surged to the highest in more than two years, a sign that more old bullion from the country may be being remelted to make it easier to sell.
About 5.7 tons -- worth $324 million -- of Russian metal was imported by the refining hub in August, according to data from the Swiss Federal Customs Administration. That's the most since April 2020.
... Dispatch continues below ...
... ADVERTISEMENT ...
Join GATA at the New Orleans conference Oct. 12-15
Submitted by admin on Tue, 2022-09-20 21:14 Section: Daily DispatchesGATA Chairman Bill Murphy and your secretary/treasurer will be among the speakers.
The conference's room block at the conference hotel, the beautiful Hilton New Orleans Riverside, will expire this Friday.
* * *
By Brien Lundin
Editor, Gold Newsletter
CEO, New Orleans Investment Conference
Wednesday, July 20, 2022
As a serious investor, you’re well aware of the unique challenges presented by today’s markets.
Pages
