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Daily Dispatches
Ghana awards Gold Fields' Damang mine lease to local firm Engineers & Planners
Submitted by admin on Wed, 2026-04-08 10:36 Section: Daily DispatchesBy Christian Akorlie and Emmanuel Bruce
Reuters
Tuesday, April 7, 2026
ACCRA -- Ghana has selected local mining services company Engineers & Planners Ltd to take over Gold Fields' Damang gold mine, the mines minister said Tuesday.
Ghana, which is seeking to boost local ownership in its mining sector, rejected Johannesburg-based Gold Fields' lease‑renewal bid and took control of the mine last year, breaking with years of automatic extensions.
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Aaron Brown: Gold keeps winning the battle with economists
Submitted by admin on Wed, 2026-04-08 10:29 Section: Daily DispatchesBy Aaron Brown
Bloomberg News
Wednesday, April 8, 2026
Gold is trading near $5,000 an ounce. And yet, in the middle of the U.S. and Israeli war on Iran and as foreign central banks sell Treasuries to defend their currencies and bond yields rise instead of fall, the precious metal has barely budged even as the world's monetary authorities -- the very institutions built to make gold obsolete -- buy it at the fastest pace in a generation.
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New York City mayor declares war on gold
Submitted by admin on Tue, 2026-04-07 13:06 Section: Daily DispatchesBy Jp Cortez
Money Metals News Service, Eagle, Idaho
Monday, April 6, 2026
On the heels of a credit outlook downgrade for New York City, Mayor Zohran Mamdani and the state legislature have just declared war on the financial center's vibrant gold bullion market.
Global credit ratings agency Moody’s dropped the Big Apple’s outlook from “stable” to “negative,” releasing a statement:
Jamie McGeever: Oil shock turbocharges FX intervention risk in Asia
Submitted by admin on Tue, 2026-04-07 10:43 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, April 7, 2026
Several Asian countries, including India and the Philippines, have already intervened in the foreign exchange market to support their currencies since the Iran war broke out. They're unlikely to be the last.
Asia, which imports 60% of its crude oil from the Middle East, is the continent most exposed to the energy shock triggered by the Iran war. Brent crude prices have soared 55% since the conflict broke out on February 28.
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Sales tax increase pushes Washington state gold dealer to flee to Idaho
Submitted by admin on Tue, 2026-04-07 10:18 Section: Daily DispatchesFrom the John Curley Show
KIRO-FM97.3, Seattle
Monday, April 6, 2026
A new 10.3% sales tax on purchases of gold and silver in Washington State went into effect on Jan. 1 following the passage of Senate Bill 5794. As a result, many gold and silver dealers have chosen to flee the state for greener pastures. Among them is Craig Rhyne, owner of Washington Gold Exchange, who packed up shop and is moving to Idaho.
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China reports increasing gold buying as Iran war dents prices
Submitted by admin on Tue, 2026-04-07 10:10 Section: Daily DispatchesBy Yihui Xie
Bloomberg News
Tuesday, April 7, 2026
China's central bank bought the most gold in more than a year in March, demonstrating that a key pillar of support for the precious metal remains intact as prices come under pressure amid the Iran war.
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Bullion Star Opens in the U.S., Selling and Vaulting Gold and Silver
India lets gold ETFs replace some metal with futures contracts
Submitted by admin on Mon, 2026-04-06 11:46 Section: Daily DispatchesBig Shift in Gold ETFs: Are Funds Moving Away from Physical gold? Is 'Paper Gold' the Future or a Risk?
By Sanket Dhanorkar
The Times of India, Mumbai
Monday, April 6, 2026
Alasdair Macleod: Are central banks selling gold? Probably not
Submitted by admin on Sun, 2026-04-05 19:15 Section: Daily Dispatches7:17p ET Sunday, April 5, 2026
Dear Friend of GATA and Gold:
In his gold market commentary today, economist and monetary metals advocate Alasdair Macleod dismisses reports and speculation that central banks lately have been selling gold.
Macleod writes: "Should investors take these reports seriously? Probably not. A far greater factor at the moment is the slow death of paper gold as physical bullion returns to center-stage, fueling demand. Shaking out flaky bulls is what the recent selloff was about, probably fueling rumors of central bank selling."
MAGA influencers promote gold but investors feel shortchanged
Submitted by admin on Sun, 2026-04-05 12:15 Section: Daily DispatchesBy Ilya Gridneff
Financial Times, London
Sunday, April 5, 2026
Wrapping up a recent commentary on the war in Iran, the influential conservative commentator Megyn Kelly pivoted to a sales pitch -- for investing in gold.
"So many smart Americans do diversify a portion of their savings into precious metals," Kelly, one of the highest-ranked political commentators, said. "It's also why you should consider buying gold from Birch Gold Group."
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Myra P. Saefong: Some central banks have been selling gold but that doesn't mean you should
Submitted by admin on Sat, 2026-04-04 14:02 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch, New York
Saturday, August 4, 2026
Gold suffered its biggest monthly drop in nearly 13 years and some central banks have shifted from being buyers to sellers -- but that actually proves the precious metal can be more valuable to investors than it has ever been.
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