You are here
Daily Dispatches
China, BRICs bloc not ready to reject U.S. dollar despite Russian entreaties
Submitted by admin on Fri, 2024-10-25 23:53 Section: Daily DispatchesBy Amanda Lee
South China Morning Post, Hong Kong
Friday, October 25, 2024
While there are growing concerns among the BRICs bloc of emerging economies over the scope of financial sanctions from the United States, few countries in the grouping seem ready to ditch the U.S. dollar despite Russian President Vladimir Putin's recent efforts to encourage an alternative system of payment among members.
Newmont shares fall as cost struggles undermine gold profit surge
Submitted by admin on Fri, 2024-10-25 11:06 Section: Daily DispatchesBy Jacob Lorinc
Bloomberg News
Thursday, October 24, 2024
Newmont Corp. shares had their biggest decline in more than two years after investors soured on earnings results that suggest the top gold producer is struggling to control mining costs and capitalize on surging bullion prices.
Gold and silver bull builds excitement for 50th anniversary New Orleans conference
Submitted by admin on Thu, 2024-10-24 20:06 Section: Daily DispatchesJoin GATA there but act soon. The conference's room block at the conference hotel, the Hilton New Orleans Riverside, closes tomorrow, Friday, October 25.
* * *
By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024
We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.
Russia proposes to put the Comex and LME out of the market-rigging business
Submitted by admin on Thu, 2024-10-24 14:56 Section: Daily DispatchesRussia in Talks with BRICS Over Precious Metals Exchange
By Anastasia Lyrchikova, Darya Korsunskaya, and Gleb Bryanski
Reuters
Thursday, October 24, 2024
MOSCOW -- Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country's Finance Minister Anton Siluanov said in a statement today.
HSBC Hong Kong joins China's alternative to SWIFT payments system
Submitted by admin on Thu, 2024-10-24 10:46 Section: Daily DispatchesBy Kaye Wiggins
Financial Times, London
Thursday, October 24, 2024
HSBC Hong Kong has joined China's international payments system as a direct participant, giving the world's biggest player in trade finance a key role in Beijing's push to expand use of the renminbi.
The bank's Hong Kong unit is "formally joining" China's Cross-Border Interbank Payment System, known as CIPS, David Liao, co-chief executive of the bank's business in the Chinese territory, told a conference in Beijing, where he said the dominant role of the U.S. dollar was being "diluted."
Russia pushes for BRICS clearing, depository system to sidestep the West
Submitted by admin on Thu, 2024-10-24 10:31 Section: Daily DispatchesFrom Bloomberg News
Thursday, October 24, 2024
Russia has set out proposals for a unified depository and clearance system for BRICS countries, as it seeks to persuade member nations to deepen financial cooperation without the involvement of the West.
Silver will reach $50 this year, Steer says, but what will governments do then?
Submitted by admin on Wed, 2024-10-23 20:13 Section: Daily Dispatches8:14p ET Wednesday, October 23, 2024
Dear Friend of GATA and Gold:
Interviewed by Liberty and Finance's Dunagun Kaiser, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, explains why he thinks silver will reach $50 by the end of the year, breaking free of government price-suppression policy.
Dollar-dumping BRICs attendees must bring plenty of them to Kazan
Submitted by admin on Wed, 2024-10-23 10:42 Section: Daily DispatchesBy Huileng Tan
Business Insider, New York
Wednesday, October 23, 2024
Russian President Vladimir Putin is hosting a major summit with more than 20 world leaders whom he's trying to convince to ditch the dollar.
De-dollarization is one of Putin's priorities because trading in local currencies would mean that a heavily sanctioned Russia wouldn't be beholden to the Western U.S.-dollar-dominated global financial order.
... Dispatch continues below ...
... ADVERTISEMENT ...
Gold and silver bull builds excitement for 50th anniversary New Orleans conference
Submitted by admin on Tue, 2024-10-22 21:01 Section: Daily DispatchesJoin GATA there but act soon. The conference's room block at the conference hotel, the Hilton New Orleans Riverside, closes this Friday, October 25.
* * *
By Brien Lundin
Gold Newsletter and New Orleans Investment Conference
Metairie, Louisiana
Thursday, October 3, 2024
We're in the final stages of preparing our agenda for this year's blockbuster 50th anniversary New Orleans Investment Conference, and I'm excited about the surprises we'll have in store for you.
Jan Nieuwenhuijs: A major shift as Western investors start buying gold
Submitted by admin on Tue, 2024-10-22 09:40 Section: Daily DispatchesBy Jan Nieuwenhuijs
Money Metals Exchange, Eagle, Idaho
Tuesday, October 22, 2024
In the past two years the East has been responsible for a momentous move upward in the gold price, decoupling it from the West's pricing model. But Western investors have taken back the baton and have been driving gold higher since June 2024.
... Dispatch continues below ...
... ADVERTISEMENT ...
Pages
