Fed chief was asked about U.S. 'losing credibility,' soaring gold. He punted
Submitted by admin on Thu, 2026-01-29 20:02 Section: Daily DispatchesBy Eva Roytburg
Fortune, New York
Thursday, January 29, 2026
Fed Chair Jerome Powell surprised some investors Wednesday afternoon with his comments about the gold and silver rally. The two precious metals, the most classic of the "safe-haven" assets, have the tangibility and inherent scarcity to act as a hedge in moments of turmoil, particularly when investors worry that politics or policy could undermine the value of the dollar or U.S. government bonds.
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Stephen Innes: Gold is not rallying but replacing faith in fiat
Submitted by admin on Thu, 2026-01-29 07:59 Section: Daily DispatchesBy Stephen Innes
FXStreet.com, Barcelona, Spain
Thursday, January 29, 2026
After blowing through $5,500 in early Asia, bullion is no longer trading like a commodity. It is trading like a referendum. Not on inflation. Not on rates. On trust.
Gold is not yet pressing north of $6,000. What is pressing higher is the narrative ceiling. When prices clear $5500 this decisively, the next leg is no longer spot-driven but expectation-driven. This is the phase in which forecasts begin to chase price rather than guide it.
China's precious metals frenzy sparks protest as risks grow
Submitted by admin on Wed, 2026-01-28 19:32 Section: Daily DispatchesA more accurate headline might be: "Chinese investors angry that they can't get their money and more metal."
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By Yihui Xie
Bloomberg News
via Yahoo News, Sunnyvale, California
Wednesday, January 28, 2026
Chinese investors piling into a record-breaking rally in precious metals are becoming increasingly exposed to risk, as speculative demand pushes local prices well above international benchmarks.
Treasury secretary says Trump administration still pursues 'strong dollar policy'
Submitted by admin on Wed, 2026-01-28 19:24 Section: Daily DispatchesMonetary metals investors may say: Please keep at it!
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By Claire Jones, Ian Smith, and Kate Duguid
Financial Times, London
Wednesday, January 28, 2026
The U.S. currency rebounded today after U.S. Treasury Secretary Scott Bessent said Washington was still pursuing a "strong dollar policy" and was not planning an intervention to boost the Japanese yen.
The dollar jumped as much as 0.9% against the euro and 1% against the yen after Bessent said in an interview with CNBC that he expected the U.S. currency to appreciate.
Tether is a new force to be reckoned with in the gold market
Submitted by admin on Wed, 2026-01-28 09:23 Section: Daily DispatchesBy Jack Ryan
Bloomberg News
Wednesday, January 28, 2026
Predicting the gold price is difficult, and it's only become more so since Tether Holdings SA, a crypto giant with one of the most profitable business models in the industry's history, kicked off an unexpected buying spree.
Tether has been snapping up gold at a rate of about 1 to 2 tons a week, according to its chief executive officer. That's faster than the vast majority of central banks and enough to have a small impact on global prices.
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Mali detains 5 gold mine executives, sources tell Reuters
Submitted by admin on Tue, 2026-01-27 19:36 Section: Daily DispatchesBy Tiemoko Diallo
Reuters
Tuesday, January 27, 2026
Mali has detained five managers from the local entity operating the Yanfolila gold mine over alleged breaches of the country's mining code, two sources told Reuters.
The employees, from Societe des Mines de Komana, were detained on Friday for allegedly failing to repatriate foreign currency from export revenues, which is required under the mining code, the sources said.
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