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Daily Dispatches
Singapore gold sellers bring in more stock, build vaults to meet higher demand amid war
Submitted by admin on Wed, 2026-03-18 10:42 Section: Daily DispatchesBy Timothy Goh
Singapore Straits Times
Wednesday, March 18, 2026
Gold retailers in Singapore are boosting inventories to cater to higher demand for the precious metal amid the ongoing crisis in the Middle East.
Bullion dealers, jewelers, and pawnshops told The Straits Times that buying of the precious metal has surged in recent times amid ongoing geopolitical tensions and expectations of interest rate cuts.
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Indonesia tightens rules on dollar buying to stem outflows
Submitted by admin on Wed, 2026-03-18 10:29 Section: Daily DispatchesBy Grace Sihombing and Prima Wirayani
Bloomberg News
Tuesday, March 17, 2026
Indonesia's central bank tightened foreign-exchange regulations as policymakers in Southeast Asia's biggest economy try to soften the impact of the Middle East war on inflation and the rupiah.
Bank Indonesia also kept its benchmark BI-Rate at 4.75% on Tuesday, as predicted by all 30 economists in a Bloomberg survey. The rate has been steady since October, and the central bank omitted previously used language about seeking room to lower borrowing costs.
Silver rout was worsened by 'destabilizing' leveraged ETF, BIS says
Submitted by admin on Tue, 2026-03-17 22:28 Section: Daily DispatchesBy Jack Ryan
Bloomberg News
Monday, March 16, 2026
The worst silver sell-off in history at the end of January was accelerated by the growing footprint of retail investors in leveraged exchange-traded funds, according to the Bank for International Settlements:
The white metal collapsed as much as 36% on Jan. 30, its biggest one-day wipeout on record.
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London Metals Exchange halts trading amid 'technical outage'
Submitted by admin on Tue, 2026-03-17 10:26 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Monday, March 16, 2026
Trading was halted for nearly three hours on the London Metal Exchange on Monday afternoon due to a technical outage, during a period when the Iran war has triggered unusually high volatility for commodity prices.
All electronic contracts on the exchange -- which include copper, aluminium, nickel, and other metals -- stopped trading at about 2.44 p.m. local time, according to data from LSEG. Dealing resumed at 5.30 p.m.
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Ghana seeks local bids for $1 billion revival of Gold Fields' Damang mine
Submitted by admin on Tue, 2026-03-17 09:53 Section: Daily DispatchesBy Maxwell Akalaare Adombila
Reuters
Tuesday, March 17, 2026
Ghana is assessing three bids from local investors to take over Gold Fields' Damang gold mine, which requires up to $1 billion of investment to revive, the mining regulator told Reuters, nearly a year after the government seized control of the asset.
Ghana, which is seeking to boost local ownership in its mining sector, rejected Johannesburg-based Gold Fields' lease‑renewal bid and took control of Damang mine in April, breaking with years of automatic extensions.
U.S. takeover of Venezuela's gold industry advances via Trafigura
Submitted by admin on Mon, 2026-03-16 14:58 Section: Daily DispatchesTrafigura to Help Venezuela's Minerven Develop a Responsible Gold-Sourcing Program
By Polina Devitt
Reuters
Monday, March 16, 2026
LONDON -- Trafigura will work with Venezuela's state gold miner Minerven to develop a responsible sourcing program as part of its pre-payment deal for gold dore, a semi-pure alloy, the Swiss commodity trader said.
Bessent says U.S. hasn't intervened in energy derivatives markets
Submitted by admin on Mon, 2026-03-16 09:33 Section: Daily DispatchesThis is a start for mainstream financial journalism. Maybe someday Bloomberg will ask about intervention in the gold derivatives markets.
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By Alex Longley and Alexander Pearson
Bloomberg News
Monday, March 16, 2026
The United States has not intervened in energy derivatives markets, Treasury Secretary Scott Bessent said, after the Middle East conflict pushed crude futures to the highest in almost four years.
Matthew Piepenburg: Silver's endgame is almost too obvious
Submitted by admin on Sun, 2026-03-15 11:39 Section: Daily Dispatches11:37a ET Sunday, March 15, 2026
Dear Friend of GATA and Gold:
Von Greyerz Gold Switzerland partner Matthew Piepenburg writes today that claims to Comex futures exchange silver now exceed metal actually available for delivery by a ratio of 7 to 1, and the ratio for the silver market as a whole now may be as wide as 350 to 1.
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Currency debasement drives gold far more than war does, Gold Newsletter's Lundin says
Submitted by admin on Sat, 2026-03-14 20:45 Section: Daily Dispatches8:48p ET Saturday, March 14, 2026
Dear Friend of GATA and Gold:
This week Mike Maharrey of Money Metals Exchange interviewed Gold Newsletter editor Brien Lundin, who said geo-political shocks like the war in the Middle East have only temporary influence on gold prices. The main determinant of the gold price, Lundin said, is the long-running trend of currency debasement -- a trend that isn't likely to end any time soon.
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War distracts from forces that are still pushing gold up, Maguire tells LFTV
Submitted by admin on Sat, 2026-03-14 09:43 Section: Daily Dispatches9:43a ET Saturday, March 14, 2026
Dear Friend of GATA and Gold:
The war in the Middle East is distracting from the financial market developments that will keep pushing gold up, London metals trader Andrew Maguire says on this week's episode of Kinesis Money's "Live from the Vault" program.
Those factors, Maguire says, include the collapse in "private credit" instruments, which are impugning many insurance company investments, and the stagflation that is being created by the war's sharp rise in oil prices.
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