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Daily Dispatches
Provisional administration to restart mining at Barrick's Mali gold mine, sources tell Reuters
Submitted by admin on Sat, 2025-10-11 11:02 Section: Daily DispatchesBy Divya Rajagopal and Portia Crowe
Reuters
Friday, October 10, 2025
Blasting is scheduled to begin at Barrick Mining's Loulo underground gold mine in Mali on October 15, four months after a court-appointed provisional administration took control of the site, two sources told Reuters.
Under the provisional administration, operations at the Loulo-Gounkoto gold complex have so far been limited to transporting existing ore stocks to its plant and processing them there.
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Alasdair Macleod: Gold and silver squeezes intensify
Submitted by admin on Fri, 2025-10-10 14:37 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, October 10, 2025
Markets are desperately short of physical gold and silver, reflected in a continuing bear squeeze. Speculative interest remains subdued, with exchange-traded fund physical demand growing.
Don't be afraid. Gold is winning
Submitted by admin on Fri, 2025-10-10 14:17 Section: Daily Dispatches2:20p ET Friday, October 10, 2025
Dear Friend of GATA and Gold:
Someone who has written excellent commentaries on financial markets, some of which have been cited by GATA, and who only recently came upon GATA's documentation file and summary of the gold price suppression policy of the U.S. government and its allies --
https://www.gata.org/taxonomy/term/21
https://www.gata.org/node/20925
-- today expressed astonishment to your secretary/treasurer.
India's Kotak Mahindra halts new investments in silver ETF amid shortage
Submitted by admin on Fri, 2025-10-10 10:21 Section: Daily DispatchesBy Anjana Anil and Rajendra Jadhav
Reuters
Thursday, October 9, 2025
Kotak Mahindra Asset Management Co. has temporarily suspended fresh lump-sum and switch-in investments into the Kotak Silver ETF Fund of Funds, effective October 10, 2025, the company said in a statement today.
This is primarily due to a shortage of physical silver in the domestic market that lifted premium sharply above benchmark prices, Kotak said.
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India's hidden stash of gold hits record $3.8 trillion after 62% rally in 2025, Morgan Stanley says
Submitted by admin on Fri, 2025-10-10 09:31 Section: Daily DispatchesBy Nikhil Agarwal
The Times of India, Mumbai
via MSN News, Redmond, Washington
Friday, October 10, 2025
India's household gold wealth has exploded to an estimated $3.8 trillion, following a spectacular 62% rally in 2025 that has pushed the value of the country's privately held gold to nearly 89% of its GDP, a staggering testament to the metal's enduring grip on household balance sheets and its growing role as a store of wealth amid global uncertainty.
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Stuart Englert: Don't call those old silver coins 'junk'
Submitted by admin on Thu, 2025-10-09 15:16 Section: Daily DispatchesBy Stuart Englert
StuartEnglert.substack.com
Thursday, October 9, 2025
Not all old, tarnished and worn silver coins are melt-worthy junk, even if they’re commonly called junk silver. Sometimes circulated legal tender coins are treasured keepsakes with memories that last a lifetime.
I own one of those coins.
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Is gold six weeks overbought or 60 years oversold?
Submitted by admin on Wed, 2025-10-08 14:25 Section: Daily Dispatches2:37p ET Wednesday, October 8, 2025
Dear Friend of GATA and Gold:
For a few weeks now mainstream financial news organizations and commentators have been casting around for explanations for the extraordinary rise in gold prices and, to a lesser extent, silver prices this year. The consensus is that it is all a matter of geopolitical tensions, excessive government debt and money creation, the disruption and chaos of a second Trump administration, and central bank purchases.
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Falling Fed custody holdings ring de-dollarization alarm
Submitted by admin on Wed, 2025-10-08 10:07 Section: Daily DispatchesBy Jamie McGeever
Reuters
Wednesday, October 8, 2025
The amount of U.S. Treasuries held at the New York Fed on behalf of global central banks has slumped to its lowest in over a decade, casting renewed doubt on foreign appetite for U.S. sovereign debt and other dollar-denominated assets.
This may seem a little surprising. Recent data, including the Treasury International Capital and International Monetary Fund's "Cofer" foreign exchange reserves reports, show overseas demand for Treasuries and dollar assets holding up pretty well.
Robert Lambourne: UK's gold account is unusually late with annual report
Submitted by admin on Tue, 2025-10-07 18:39 Section: Daily DispatchesBy Robert Lambourne
Tuesday, October 7, 2025
The annual report of the vehicle used by the United Kingdom government to hold most of its foreign exchange and gold reserves, the Exchange Equalisation Account (EEA), is unusually late.
Normally the UK Treasury publishes an audited annual report of the EEA in the July following its reporting year end of March 31. So far no annual report for the EEA covering the year to March 31, 2025, has been published, more than six months since the year end.
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Kenya has converted $3.5 billion in dollar loans from China into yuan to cut interest
Submitted by admin on Tue, 2025-10-07 18:16 Section: Daily DispatchesBy Duncan Miriri
Reuters
Tuesday, October 7, 2025
NAIROBI -- Kenya has completed converting three railway construction dollar-denominated loans from China into yuan in order to save on interest payments, its Finance Minister John Mbadi said today.
The swap, which allows the floating, dollar-based interest rates across the three loans from China Exim Bank to drop into their lower, yuan-based rates, will save the country about $215 million a year, Mbadi told reporters.
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