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Daily Dispatches
Jamie McGeever: Oil shock turbocharges FX intervention risk in Asia
Submitted by admin on Tue, 2026-04-07 10:43 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, April 7, 2026
Several Asian countries, including India and the Philippines, have already intervened in the foreign exchange market to support their currencies since the Iran war broke out. They're unlikely to be the last.
Asia, which imports 60% of its crude oil from the Middle East, is the continent most exposed to the energy shock triggered by the Iran war. Brent crude prices have soared 55% since the conflict broke out on February 28.
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Sales tax increase pushes Washington state gold dealer to flee to Idaho
Submitted by admin on Tue, 2026-04-07 10:18 Section: Daily DispatchesFrom the John Curley Show
KIRO-FM97.3, Seattle
Monday, April 6, 2026
A new 10.3% sales tax on purchases of gold and silver in Washington State went into effect on Jan. 1 following the passage of Senate Bill 5794. As a result, many gold and silver dealers have chosen to flee the state for greener pastures. Among them is Craig Rhyne, owner of Washington Gold Exchange, who packed up shop and is moving to Idaho.
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China reports increasing gold buying as Iran war dents prices
Submitted by admin on Tue, 2026-04-07 10:10 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Tuesday, April 7, 2026
China's central bank bought the most gold in more than a year in March, demonstrating that a key pillar of support for the precious metal remains intact as prices come under pressure amid the Iran war.
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Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver
India lets gold ETFs replace some metal with futures contracts
Submitted by admin on Mon, 2026-04-06 11:46 Section: Daily DispatchesBig Shift in Gold ETFs: Are Funds Moving Away from Physical gold? Is 'Paper Gold' the Future or a Risk?
By Sanket Dhanorkar
The Times of India, Mumbai
Monday, April 6, 2026
Alasdair Macleod: Are central banks selling gold? Probably not
Submitted by admin on Sun, 2026-04-05 19:15 Section: Daily Dispatches7:17p ET Sunday, April 5, 2026
Dear Friend of GATA and Gold:
In his gold market commentary today, economist and monetary metals advocate Alasdair Macleod dismisses reports and speculation that central banks lately have been selling gold.
Macleod writes: "Should investors take these reports seriously? Probably not. A far greater factor at the moment is the slow death of paper gold as physical bullion returns to center-stage, fueling demand. Shaking out flaky bulls is what the recent selloff was about, probably fueling rumors of central bank selling."
MAGA influencers promote gold but investors feel shortchanged
Submitted by admin on Sun, 2026-04-05 12:15 Section: Daily DispatchesBy Ilya Gridneff
Financial Times, London
Sunday, April 5, 2026
Wrapping up a recent commentary on the war in Iran, the influential conservative commentator Megyn Kelly pivoted to a sales pitch -- for investing in gold.
"So many smart Americans do diversify a portion of their savings into precious metals," Kelly, one of the highest-ranked political commentators, said. "It's also why you should consider buying gold from Birch Gold Group."
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Myra P. Saefong: Some central banks have been selling gold but that doesn't mean you should
Submitted by admin on Sat, 2026-04-04 14:02 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Saturday, August 4, 2026
Gold suffered its biggest monthly drop in nearly 13 years and some central banks have shifted from being buyers to sellers -- but that actually proves the precious metal can be more valuable to investors than it has ever been.
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African king leads $750 million investment to boost gold production in 5 countries
Submitted by admin on Fri, 2026-04-03 23:46 Section: Daily DispatchesBy Olamilekan Okebiorun
Business Insider Africa, New York
Friday, April 3, 2026
Morocco's Managem Group, owned by Al Mada, the royal family's investment office under King Mohammed VI, Africa's wealthiest monarch, has committed $750 million to increase its gold production by 134% across its mining operations in Africa by 2030.
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USA Gold: Coins and Bullion Since 1973
On LFTV, Maguire and Schectman agree Western metals markets are losing credibility
Submitted by admin on Fri, 2026-04-03 23:34 Section: Daily Dispatches11:34p ET Friday, April 3, 2026
Dear Friend of GATA and Gold (and Silver):
On this week's episode of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire and Andy Schectman of coin and bullion dealer Miles Franklin discuss the loss of credibility of Western gold and silver markets, as indicated by the huge deliveries being demanded from the New York Commodities Exchange and the huge accumulation of metals by Asian institutions and investors.
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Miners face a new push for local control of Africa's gold
Submitted by admin on Wed, 2026-04-01 09:31 Section: Daily DispatchesBy Moses Mozart Dzawu and William Clowes
Bloomberg News
Wednesday, April 1, 2026
A three-decade-old Ghanaian mine owned by Gold Fields has become a bellwether for the west African nation's ambitions to boost local ownership in a key sector.
Mature mines -- unloved by multinational operators and in need of a new lease of life -- should be perfect candidates for takeovers by homegrown companies in Africa's biggest gold producer.
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