Tether is a new force to be reckoned with in the gold market
Submitted by admin on Wed, 2026-01-28 09:23 Section: Daily DispatchesBy Jack Ryan
Bloomberg News
Wednesday, January 28, 2026
Predicting the gold price is difficult, and it's only become more so since Tether Holdings SA, a crypto giant with one of the most profitable business models in the industry's history, kicked off an unexpected buying spree.
Tether has been snapping up gold at a rate of about 1 to 2 tons a week, according to its chief executive officer. That's faster than the vast majority of central banks and enough to have a small impact on global prices.
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Mali detains 5 gold mine executives, sources tell Reuters
Submitted by admin on Tue, 2026-01-27 19:36 Section: Daily DispatchesBy Tiemoko Diallo
Reuters
Tuesday, January 27, 2026
Mali has detained five managers from the local entity operating the Yanfolila gold mine over alleged breaches of the country's mining code, two sources told Reuters.
The employees, from Societe des Mines de Komana, were detained on Friday for allegedly failing to repatriate foreign currency from export revenues, which is required under the mining code, the sources said.
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Chinese solar cell producer will switch from silver to base metals
Submitted by admin on Tue, 2026-01-27 14:25 Section: Daily DispatchesBy Junaid Shah
Saur Energy International
Noida, India
Tuesday, January 6, 2026
LONGI Green Energy Technology announced Monday it will begin replacing silver with base metals in its solar cell production. This is in line with the industry's response to the metal's unprecedented price surge.
Chinese buyers and sellers expect gold rush to continue despite record prices
Submitted by admin on Tue, 2026-01-27 14:08 Section: Daily DispatchesBy Xihao Jiang, James Pomfret, and Joyce Zhou
Reuters
Tuesday, January 27, 2026
With gold prices setting new all-time highs this week, customers have been cramming into stores in Shanghai and Hong Kong that sell the precious metal, with some betting the price could rise even further.
"There are still quite a lot of people buying it, because gold awareness is a long‑term trend and it’s still heading upwards," gold seller Zhao Jinhao said today at a jewelry mall in Shanghai.
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Tanzania will sell gold reserves to fund infrastructure spending
Submitted by admin on Tue, 2026-01-27 14:02 Section: Daily DispatchesBy Kanika Saigal
Bloomberg News
Tuesday, January 27, 2026
Tanzania plans to sell part of its gold reserves to finance spending on infrastructure projects, as it faces reduced donor funding amid a broader shift away from development aid.
President Samia Suluhu Hassan instructed the central bank to proceed with a partial sale of its gold holdings, Minister of State in the President's Office Kitila Mkumbo said at a briefing in London on Monday, without providing further details.
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Hong Kong and Shanghai sign gold trading agreement
Submitted by admin on Tue, 2026-01-27 13:57 Section: Daily DispatchesBy Luo Weiteg
China Daily, Beijing
Tuesday, January 27, 2026
The Hong Kong Special Administrative Region and Shanghai signed a cooperation agreement on Monday to foster gold trading, putting flesh on the bones of a coordinated push to elevate China's two major financial centers in the global gold market.
Officials and industry experts said they expect the deal to promote long-term interconnectivity opportunities, with a more integrated renminbi-based Asian gold market in the making.
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