Zimbabwe's gold rush hastens as $1 billion mine targets 100,000 ounces a year
Submitted by admin on Wed, 2026-06-03 09:04 Section: Daily DispatchesBy Ayodeji Adegboyega
Business Insider Africa, New York
Tuesday, June 2, 2026
UK-listed Ariana Resources says ore reserves at its Dokwe Gold Project have surged 42% to 1.13 million ounces, transforming the asset into one of Zimbabwe's most significant undeveloped gold deposits and placing it on course to rival some of the country's largest gold mines.
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India's central bank denies Bloomberg report it sold gold
Submitted by admin on Wed, 2026-06-03 08:56 Section: Daily DispatchesBy Anup Roy
Wednesday, June 3, 2026
India's central bank said a report that it's selling gold is "not correct," pointing to data showing its physical stock of gold has remained unchanged.
Vince Lanci's new book, 'As Good As Gold : The Return of Real Money"
Submitted by admin on Tue, 2026-06-02 21:14 Section: Daily Dispatches9:14p ET Tuesday, June 2, 2026
Dear Friend of GATA and Gold:
Market analyst, trader, and gold advocate Vince Lanci, proprietor of the VBLGoldFix site at Substack, has just published a book titled "As Good As Gold: The Return of Real Money."
Bella Barda-Bareket: The dollar is not retreating; the global contract is being renegotiated
Submitted by admin on Tue, 2026-06-02 14:04 Section: Daily DispatchesBy Bella Barda-Bareket
Ynet.com, Tel Aviv, Israel
Tuesday, June 2, 2026
For nearly 80 years the dollar has been far more than a means of payment. It has functioned as the operating system of globalization. Countries sold goods to America, received dollars in return, invested those dollars in U.S. Treasury bonds, and, in doing so, helped finance the American consumer, the American military, and the American debt.
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India may have sold gold to save FX reserves, Bloomberg analysis shows
Submitted by admin on Tue, 2026-06-02 09:40 Section: Daily DispatchesBy Preeti Soni
Bloomberg News
Tuesday, June 2, 2026
India's central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data.
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Gold replaces U.S. Treasuries as top reserve asset, ECB says
Submitted by admin on Tue, 2026-06-02 05:09 Section: Daily DispatchesBy Olaf Storbeck and Leslie Hook
Financial Times, London
Tuesday, June 2, 2026
Gold has overtaken U.S. government bonds as the top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years.
Bullion accounted for 27% of all central bank reserve assets at the end of 2025, up from 20% a year earlier, according to a report published today by the European Central Bank. U.S. Treasuries fell to 22% from 25% over the same period.
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