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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Barrick weighs London listing as it negotiates sale of Africa business, sources tell Reuters
Submitted by admin on Tue, 2026-06-02 02:54 Section: Daily DispatchesBy Divya Rajagopal and Clara Denina
Reuters
Monday, June 1, 2026
TORONTO -- Barrick Mining, a leading gold miner, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters.
Activist fund Elliott calls for sale of Australia's largest gold miner
Submitted by admin on Mon, 2026-06-01 23:41 Section: Daily DispatchesBy Nic Fildes
Financial Times, London
Tuesday, June 2, 2026
SYDNEY -- U.S. activist hedge fund Elliott Management has called for Australia's largest gold miner to put itself up for sale after building a significant stake in the underperforming company in recent months.
The value of Northern Star Resources, which owns the giant Fimiston "super pit" gold mine in Kalgoorlie, Western Australia, has collapsed this year after operational issues triggered multiple profit warnings and production downgrades.
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Sound Money Defense League applauds Trump's new call for gold audit, urges action on transparency act
Submitted by admin on Sun, 2026-05-31 14:09 Section: Daily DispatchesFrom the Sound Money Defense League
Eagle, Idaho
Sunday, May 31, 2026
Following President Donald Trump’s Truth Social post declaring "Time to Audit Fort Knox," the Sound Money Defense League today urged Congress to take immediate action on the Gold Reserve Transparency Act, which is pending in both the U.S. House and Senate.
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Trump renews call for audit of Fort Knox after $40 million gold arrest
Submitted by admin on Sun, 2026-05-31 10:14 Section: Daily DispatchesBy Mehab Qureshi
The Street, New York
Sunday, May 31, 2026
President Donald Trump wants someone to go count the gold at Fort Knox.
Today Trump posted an image to Truth Social reading "Time to Physically Audit Fort Knox."
It was attached to a New York Post story headlined "Former CIA official arrested after feds find $40M worth of gold bars stashed at his home." The post drew more than 10,000 likes.
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China's Zijin faces delays to its $4 billion swoop for Allied Gold
Submitted by admin on Fri, 2026-05-29 14:23 Section: Daily DispatchesBy Leslie Hook
Financial Times, London
Friday, May 29, 2026
Hong Kong-listed Zijin Gold International's $4 billion takeover of Canada's Allied Gold is facing delays because of opposition from regulators in Beijing, threatening the Chinese group's first major deal since its initial public offering.
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