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Daily Dispatches
Dave Russell: The UK government has just explained, accidentally, why people own gold
Submitted by admin on Sat, 2026-06-20 08:42 Section: Daily DispatchesBy Dave Russell
GoldCore, Dublin
Friday, June 19, 2026
When David Lammy addressed the World Gold Council and London Bullion Market Association this week, the deputy prime minister intended to warn his audience about illicit gold. Instead, almost accidentally, he explained why so many people own it.
"Unlike cash," he said, gold "does not need a bank account, a password, or an internet connection."
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Gold coin salesmen orchestrated plot to create rival business, court finds
Submitted by admin on Fri, 2026-06-19 18:56 Section: Daily DispatchesBy Alistair Gray
Financial Times, London
Friday, June 19, 2026
Several gold coin salesmen at Hattons of London orchestrated a "dishonest and reprehensible" plot to extract a confidential customer database to build a rival company, a judge has found.
The High Court in London today ruled that the group hatched a plan to siphon off details about coin collectors and several of them concocted employee grievances -- including claims of bullying -- before they left.
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Ghana considers arranging local control of Gold Fields' biggest mine
Submitted by admin on Fri, 2026-06-19 18:49 Section: Daily DispatchesBy Ekow Dontoh
Bloomberg News
Friday, June 19, 2026
Ghana is considering transferring control of Gold Fields Ltd.'s Tarkwa mine to local firms when its leases expire in April, part of a push to increase control of its gold industry and benefit more from high bullion prices. The company's shares plunged.
GoldCore's Jan Skoyles: Who is controlling the gold market?
Submitted by admin on Fri, 2026-06-19 12:15 Section: Daily Dispatches12:14p ET Friday, June 19, 2025
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles speculates this week that Singapore's development of its own gold trade-clearing system may be in part a way for Western interests to prevent China from monopolizing the clearing system in Asia as the gold business moves away from "paper" in London and New York to real metal on the other side of the world. It is, she says, a matter of who, if anyone, will get to control the new gold market that is developing.
Market volatility is hiding record accumulation of gold by central banks, Maguire tells LFTV
Submitted by admin on Fri, 2026-06-19 11:59 Section: Daily Dispatches11:57a ET Friday, June 19, 2025
Dear Friend of GATA and Gold:
In this week's edition of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says China surreptitiously bought hundreds of tonnes of gold with U.S. dollars during the three-month war between the United States and Iran. He adds that market volatility has been concealing record accumulation of the monetary metals by central banks worldwide, purchases also arranged by unloading dollars.
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Alasdair Macleod: Stop, thief!
Submitted by admin on Fri, 2026-06-19 11:44 Section: Daily DispatchesBullion banks and market makers know how to manipulate investor psychology.
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By Alasdair Macleod
GoldMoney, Toronto
Friday, June 19, 2026
They want your gold and silver, and they use every psychological trick to get you to hand them over.
The selloff in gold and silver continued this week, doubtless with the establishment’s paper shorts eying up the 4,121 tons held in gold exchange-traded funds: Shake the trees and some is bound to come out.
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Zimbabwe licenses second refinery to handle nation's rising gold output
Submitted by admin on Wed, 2026-06-17 11:55 Section: Daily DispatchesBy Godfrey Marawanyika
Bloomberg News
Wednesday, June 17, 2026
Zimbabwe has licensed a second gold refinery to handle purchases and processing of the southern African nation’s increasing output of the precious metal.
The refinery, to be located in the country’s second-biggest city Bulawayo, is due to be commissioned next year, according to government officials, who asked not to be identified discussing a confidential matter.
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Investors pile into bullish dollar bets as 'U.S. exceptionalism' trade returns
Submitted by admin on Wed, 2026-06-17 10:36 Section: Daily DispatchesBy Kate Duguid
Financial Times, London
Wednesday, June 17, 2026
Investors around the world are flocking back to the U.S. dollar in a bet that the AI boom will help the biggest economy to outshine its peers this year and force the Federal Reserve to keep interest rates high.
Wagers on a stronger dollar in the futures market last week rose by the most since 2018 to their highest level in more than a year, according to data from the Commodity Futures Trading Commission, a jump JPMorgan analysts attributed to investors' renewed belief in "U.S. exceptionalism."
Myrmikan's Dan Oliver: Time makes gold's correction look puny so ignore it
Submitted by admin on Tue, 2026-06-16 21:18 Section: Daily Dispatches9:16p ET Tuesday, June 16, 2026
Dear Friend of GATA and Gold:
In his new letter this week, Myrmikan Capital's Dan Oliver examines the recent "correction" in the gold price and concludes that while it is jarring, it is barely visible on a long-term chart.
Central banks expand bullion holdings as U.S. dollar's dominance wavers
Submitted by admin on Tue, 2026-06-16 16:33 Section: Daily DispatchesBy Julie Zhang
South China Morning Post, Hong Kong
Tuesday, June 16, 2026
Central banks are expected to expand their gold holdings, while the U.S. dollar's dominance in global reserves will fade in five years, according to the World Gold Council.
The push to accumulate gold reflects a broad de-dollarisation trend in recent years.
About nine in 10 central banks expect global central bank gold holdings to continue increasing over the next 12 months, according to the council's annual Central Banks Gold Reserves Survey.
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