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Daily Dispatches
Japan rigs FX market for first time in two years to boost yen, sources tell Reuters
Submitted by admin on Fri, 2026-05-01 09:10 Section: Daily DispatchesBy Leika Kihara and Tamiyuki Kihara
Reuters
Thursday, April 30, 2026
Japan intervened to prop up the yen against the U.S. dollar today, its first official currency action in nearly two years, two sources familiar with the matter told Reuters, sending the Japanese unit currency higher by as much as 3%.
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Alasdair Macleod: Comex silver grinds to a halt
Submitted by admin on Fri, 2026-05-01 08:56 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Friday, May 1, 2026
With open interest down to multi-decade lows, trading in silver is the risk no one is prepared to take. Market-makers make wide prices and speculators are not prepared to play.
Open interest in both gold and silver Comex contracts is extremely low, as we explain in this report. And it should be borne in mind that current levels of open interest represent very oversold markets ripe for a bear squeeze.
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Buffalo hockey fans finish 'O Canada' after singer's microphone malfunctions
Submitted by admin on Thu, 2026-04-30 20:24 Section: Daily DispatchesBy Jin Yu Young
The New York Times
Wednesday, April 29, 2026
https://www.nytimes.com/2026/04/29/sports/hockey/buffalo-sabres-nhl-canadian-anthem.html
As Cami Clune sang the Canadian national anthem before a National Hockey League playoff game in Buffalo on Tuesday night, she faced a singer's nightmare: Her microphone started cutting out.
Money Metals Exchange and Sound Money Defense League announce international Sound Money Scholarship
Submitted by admin on Thu, 2026-04-30 19:41 Section: Daily DispatchesFrom the Sound Money Defense League
via Money Metals Exchange, Eagle, Idaho
Thursday, April 3-, 2026
For the 11th consecutive year, the nation's premier national precious metals dealer and depository has teamed up with influential sound money groups to offer gold-backed scholarships to support student excellence in higher education in 2026.
Money Metals Exchange, Sound Money Defense League, and Sound Money Foundation help students defray the ever-increasing costs of continuing one's education through the first gold-backed scholarship of the modern era.
Indian central bank's dollar derivatives exceed $100 billion
Submitted by admin on Thu, 2026-04-30 15:10 Section: Daily DispatchesBy Subhadip Sircar
Bloomberg News
Thursday, April 30, 2026
The Indian central bank’s intervention in the derivatives market rose sharply in March with its net short dollar position surging to a record $103 billion.
Net short dollar positions rose $25.4 billion from February, according to Bloomberg calculations based on Reserve Bank of India data released today.
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India's gold investment demand tops jewelry for first time ever in March quarter
Submitted by admin on Wed, 2026-04-29 19:31 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Wednesday, April 29, 2026
MUMBAI -- India's investment demand for gold surpassed jewelry consumption for the first time on record in the March quarter, as investors turned to the precious metal amid subdued equity market returns, the World Gold Council said today.
Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewelry buying, hit by a rally in prices, helping keep overall demand stable, the WGC said.
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Central banks are buying the dip in gold
Submitted by admin on Wed, 2026-04-29 09:36 Section: Daily DispatchesBy Preeti Soni and Jack Ryan
Bloomberg News
Wednesday, April 29, 2026
Central banks added gold holdings at the fastest pace in more than a year in the first quarter, as a slump in prices encouraged a wave of buying that more than offset sales by a handful of institutions.
Net official-sector purchases totaled 244 tons in the three months, up from 208 tons in the previous quarter, according to estimates from the World Gold Council, an industry body. Poland, Uzbekistan, and China were the largest reported buyers, although some other purchases were undeclared.
Royal Canadian Mint reviewing allegations about tainted Colombian gold
Submitted by admin on Tue, 2026-04-28 13:13 Section: Daily DispatchesFrom the Canadian Press
via CTV News, Toronto
Monday, April 27, 2026
OTTAWA, Ontario, Canada -- The Royal Canadian Mint says it has initiated a full review in response to allegations some of its gold comes from a region of Colombia where drug cartels control mines.
Mint spokesperson Deneen Perrin says as soon as the mint learned of the allegations raised by the New York Times, it "immediately and fully" suspended the refining of any material from the supply chain in question.
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Barrick picks a NY primary listing for IPO of North American gold assets
Submitted by admin on Tue, 2026-04-28 12:21 Section: Daily DispatchesBy Robb M. Stewart and Adriano Marchese
The Wall Street Journal
Tuesday, April 28, 2026
Barrick Mining plans to list its prized North American gold assets in New York as part of an initial public offering set to be completed before the end of the year.
The mining company said today it has identified what it believes is the optimal structure for a separate listing of the assets, including a primary listing in New York and a secondary listing in Toronto.
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Gold prices have lost nearly 11% since the Iran war began, and reasons to buy are piling up again
Submitted by admin on Mon, 2026-04-27 19:53 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Monday, April 27, 2026
The value of gold has declined by nearly 11% since the Iran war began in late February, but opportunity in the precious-metals market for investors isn't just about that decline in prices: The rally in oil is expected to help boost gold's appeal too.
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