Most of Peru's gold now comes from booming illegal mining sector
Submitted by admin on Sun, 2026-10-04 10:33 Section: Daily DispatchesBy Carla Samon Ros
Bloomberg News
Friday, October 2, 2026
The biggest force in Peru's gold industry these days isn't Newmont Corp. or Buenaventura. It's the thousands of illegal miners digging across South America's No. 1 gold producer.
Illegally mined gold exports from Peru rose over 19% in the first half of this year, as high prices and loose requirements have fueled incentives for diggers in the country's poor rural areas.
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LBMA's legal fight poses threat to bullion market
Submitted by admin on Sat, 2026-10-03 13:40 Section: Daily DispatchesJack Ryan and Jack Farchy
Bloomberg News
via Yahoo News, Sunnyvale, California
Saturday, October 3, 2026
The industry body that sets the rules for the world's biggest gold market faces an existential legal battle in a London courtroom next week, in a case that could have far-reaching implications for how the industry polices its supply chain.
Gold keeps flowing from African countries with none
Submitted by admin on Fri, 2026-10-02 10:00 Section: Daily DispatchesBy Michael J. Kavanagh
Bloomberg News
Friday, October 2, 2026
When investor demand sent gold prices to all-time highs this year, Africans rushed to cash in.
Exports hit records in multiple countries -- sometimes doubling or tripling in value, according to trade data analyzed by Bloomberg.
But many of those nations have barely any gold to mine.
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Entrenched premium leaves gold primed to climb despite surge in U.S. bond yields
Submitted by admin on Thu, 2026-10-01 11:16 Section: Daily DispatchesBy Polina Devitt
Reuters
via WSAU-AM550, Wausau, Wisconsin
Thursday, October 1, 2026
LONDON -- Gold's resilience above $4,000 an ounce despite soaring Treasury yields suggests the post-2022 demand premium is proving more durable than many expected, setting the stage for further gains once the US Federal Reserve's tightening cycle ends.
Typically, gold -- a non-yielding asset -- moved largely in the opposite direction to real yields, and from 2000 to Russia's 2022 invasion of Ukraine, interest rates and US dollar movements explained most of bullion's price.
Sean Ring: If you're a saver, you're a sucker
Submitted by admin on Thu, 2026-10-01 10:12 Section: Daily DispatchesBy Sean Ring
Daily Reckoning, Baltimore
Thursday, October 1, 2026
In the fall of 1923, a German housewife waited at the factory gate for her husband’s pay.
Back then, workers got paid at least once a day because prices rose by the hour. A wife needed to be ready the instant the cash hit her hand. Then, like a relay runner handed a baton, she sprinted to the shops. The bread she bought at noon would have cost more by dinner.
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Ronan Manly: Gold is no one's liability, the asset no one can print, freeze, or default on
Submitted by admin on Thu, 2026-10-01 09:30 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Monday, September 28, 2026
The modern financial system is built on an assumption so deeply accepted that it is rarely tested: that the institutions and infrastructure standing behind financial assets will remain trustworthy.
That assumption holds only in a world where the institutions holding the financial system together act the same way today and tomorrow as they acted yesterday.
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