Daily Dispatches

By Lucia Mutikani
Reuters
Friday, April 9, 2021

WASHINGTON -- U.S. producer prices increased more than expected in March, resulting in the largest annual gain in 9 1/2 years, likely marking the start of higher inflation as the economy reopens amid an improved public health environment and massive government funding.

The report from the Labor Department today also showed solid gains in underlying producer prices last month. 

By Robert Lambourne
Thursday, April 8, 2021

This note considers the potential impact of the “Basel 3” regulatory standards of the Bank for International Settlements on the bank’s own gold banking business, which is of interest to gold investors mainly due to the regular trading the BIS does in gold swaps and other derivatives. 

These gold transactions by the BIS are perhaps the most obvious sign of regular and often extensive if usually surreptitious gold trading done by central banks. 

... Dispatch continues below ...

11:10p ET Wednesday, April 7, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly writes tonight that the Hungarian central bank's purchase of another 83 tonnes of gold, tripling the national reserves, is a big deal, as it makes the country a major gold holder.

Manly's analysis is headlined "Hungarian Central Bank Boosts Its Gold Reserves by 3,000% in Less Than 3 Years" and it's posted at Bullion Star here:

11:40a ET Wednesday, April 7, 2021

Dear Friend of GATA and Gold:

Word of surreptitious intervention in the gold market by governments and central banks cointinues to get around. The April edition of the German financial magazine Smart Investor publishes a report by Rainer Kromarek, "The Unexpected Decline of the Gold Price," that cites the interventions by the Bank for International Settlements. A PDF copy of the report can be viewed here: