After U.S. attacks on Iran, gold eyes $3,450 Monday, $3,500 this week
Submitted by admin on Sun, 2025-06-22 10:56 Section: Daily DispatchesOf course that assumes that the U.S. Treasury and Federal Reserve don't launch a corresponding attack on the monetary metals. At least this one won't be a surprise attack.
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By Arsian Butt
FX Leaders, Dubai
Sunday, June 22, 2025
Gold is once again back in the highlights following the United States' surprise strikes on three major Iranian nuclear sites over the weekend. The global atmosphere has turned deeply risk-averse. As the world braces for a potential escalation, traders and investors are eyeing gold as a haven amid geopolitical chaos.
Wyoming closer to using gold and silver as legal currency
Submitted by admin on Sat, 2025-06-21 10:44 Section: Daily DispatchesBy Renee Jean
Cowboy State Daily, Cheyenne, Wyoming
Friday, June 20, 2025
When state Sen. Bob Ide, R-Casper, introduced the Wyoming Gold Act earlier this year -- which requires the Wyoming state treasurer to buy and hold at least $10 million in physical gold -- the price of gold was much lower.
It was hovering in the $2,600 to $2,700 per ounce range. Now gold is soaring high at $3,385 an ounce, and even reached $3,500 in April. Any gold bought then would already be worth about 33% more.
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Despite warning from Trump, Africa pioneers non-dollar payments systems
Submitted by admin on Fri, 2025-06-20 18:18 Section: Daily DispatchesTrading in the continent's own currencies, bypassing the dolloar, might save Africa $5 billion a year.
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By Duncan Miriri
Reuters
Friday, June 20, 2025
NAIROBI, Kenya -- Africa's push for local currency payments systems -- once little more than an aspiration -- is finally making concrete gains, bringing the promise of less costly trade to a continent long hobbled by resource-sapping dollar transactions.
Monetary metals are overcoming manipulation and suppression, Sprott says
Submitted by admin on Thu, 2025-06-19 22:56 Section: Daily Dispatches10:56p ET Thursday, June 19, 2025
Dear Friend of GATA and Gold (and Silver):
On Sprott Money's "Ask the Expert" program today, mining entrepreneur Eric Sprott is interviewed by Craig Hemke and says it's hard for him to restrain his enthusiasm for the monetary metals and especially for silver.
Sprott says monetary metals prices have been manipulated and suppressed for 50 years, he has been fighting it for the last 25, and he thinks it's over now and the metals are starting to manifest their true value.
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Shipwrecks, navy 'detectives,' and the incredible treasures waiting to be recovered from the deep
Submitted by admin on Thu, 2025-06-19 20:39 Section: Daily DispatchesBy Helen Brown
The Telegraph, London
Thursday, June 19, 2025
"Shimmering gold lies in wait. ..." promises the website of treasure hunter Martin Bayerle. It is now 44 years since he discovered the "billion-dollar wreck" of the RMS Republic, the White Star liner that sank in 1909, three years before its fellow Harland & Wolff-made relative, the Titanic.
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Swiss central bank cuts rates to zero, won't rule out going negative
Submitted by admin on Thu, 2025-06-19 09:42 Section: Daily DispatchesBy John Revill
Reuters
Thursday, June 19, 2025
ZURICH -- The Swiss National Bank today cut its interest rate to zero and did not rule out returning borrowing costs to negative territory in future, although it stressed this was not a step it would take lightly.
The bank reduced its policy rate by 25 basis points from 0.25%, as expected by markets and a Reuters poll, to stand on the brink of negative rates for the first time since 2022.
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