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Daily Dispatches
102 tonnes of gold changing hands on Comex's biggest-ever delivery day
Submitted by cpowell on Fri, 2020-07-31 23:20 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, July 31, 2020
LONDON -- Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record.
Reviewing alternative reserve currencies, Bloomberg gets gold all wrong
Submitted by cpowell on Fri, 2020-07-31 13:15 Section: Daily Dispatches1:22p ET Friday, July 31, 2020
Dear Friend of GATA and Gold:
Give Bloomberg News a little credit for a report today questioning the U.S. dollar's role as the world reserve currency and noting that other world reserve currencies have come and gone over the centuries:
https://www.bloomberg.com/news/articles/2020-07-31/the-dollar-s-leading-...
NY Sun: Doubts emerge about dollar's role as reserve currency
Submitted by cpowell on Fri, 2020-07-31 11:34 Section: Daily DispatchesFrom The New York Sun
Friday, July 31, 2020
https://www.nysun.com/editorials/doubts-emerge-over-role-of-dollar-as-re...
U.S. dollar suffers its worst month in a decade
Submitted by cpowell on Fri, 2020-07-31 11:19 Section: Daily DispatchesBy Olivia Konotey-Ahulu
Bloomberg News
Friday, July 31, 2020
The euro rose the most in a decade this month, the British pound is headed for its best July since 1990, and for the first time this year, every major currency in the world rose against the greenback.
It's all thanks to the dollar's 4.6% plunge, its biggest monthly retreat since 2010.
... Dispatch continues below ...
GATA secretary interviewed comprehensively by Meir Bank
Submitted by cpowell on Thu, 2020-07-30 12:58 Section: Daily Dispatches12:55p ET Thursday, July 30, 2020
Dear Friend of GATA and Gold:
Gold market observer Meir Bank last week interviewed your secretary/treasurer comprehensively for an hour, asking many good questions about GATA's founding and purposes, gold price suppression history and policy, and the prospects for the monetary metals. The interview can be seen at YouTube here:
Gold's record rally fuelled by unlikely buyers
Submitted by cpowell on Thu, 2020-07-30 10:42 Section: Daily DispatchesBy Ranjeetha Pakiam, Jack Farchy, and Anchalee Worrachate
Bloomberg News
Wednesday, July 29, 2020
Gold's surge to an all-time high is winning over a wider fan base of pension funds, insurance companies, and private wealth specialists.
Where did the gold and silver for Britain's coins come from?
Submitted by cpowell on Thu, 2020-07-30 00:13 Section: Daily Dispatches12:35a ET Thursday, July 30, 2020
Dear Friend of GATA and Gold:
Anyone hanging around the gold sector for the last 20 years knows where much of Britain's gold went.
India's banks are racing to lend against a $1.5 trillion hoard of gold
Submitted by cpowell on Wed, 2020-07-29 22:20 Section: Daily DispatchesBy Swansy Afonso and Ankika Biswas
Bloomberg News
Wednesday, July 30, 2020
GoldSeek plans major improvements to start soon
Submitted by cpowell on Wed, 2020-07-29 22:11 Section: Daily Dispatches10:10p ET Wednesday, July 29, 2020
Dear Friend of GATA and Gold:
Monetary metals internet site GoldSeek today announced plans to make wide-ranging additions and improvements in the near future.
GoldSeek's new features will include:
-- Live gold prices, including streaming live prices and charts.
-- A format designed for mobile devices.
... Dispatch continues below ...
Even China now is terrified by risks of paper gold
Submitted by cpowell on Wed, 2020-07-29 13:06 Section: Daily DispatchesChina Banks, Regulators Move to Cool Gold Rush
By Andrew Galbraith, Winni Zhou, Samuel Shen, and Arpan Varghese
Reuters
Wednesday, July 29, 2020
SHANGHAI -- Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year’s oil trading mishaps.
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