Standstill in India's gold imports drags on, threatening supply
Submitted by admin on Wed, 2026-05-06 10:57 Section: Daily DispatchesBy Preeti Soni, Yihui Xie, and Vignesh Radhakrishnan
Bloomberg News
via The Times of India, Mumbai
Wednesday, May 6, 2026
Indian banks have been unable to import gold and silver for five weeks, an unusually long halt that’s pushing up domestic prices and threatening shortages in the world's second-biggest bullion market.
... Dispatch continues below ...
... ADVERTISEMENT ...
David Fickling: China's defiance of sanctions heralds a post-dollar world
Submitted by admin on Wed, 2026-05-06 08:52 Section: Daily DispatchesBy David Fickling
Bloomberg News
Tuesday, May 5, 2026
The fight over U.S. sanctions on China's oil refining companies is being framed as a battle over high principles. In fact, it's about raw power.
Beijing on Saturday ordered five domestic refiners to ignore U.S. restrictions announced last month over their alleged connection to trade in Iranian oil. Those clashing legal mandates potentially create a damned-if-you-do, damned-if-you-don't situation for the firms, and for any banks, insurers, chemicals groups, and shipping lines that deal with them.
Alasdair Macleod: Why does gold fall as the world cracks up?
Submitted by admin on Wed, 2026-05-06 08:22 Section: Daily Dispatches8:23a ET Wednesday, May 6, 2026
Dear Friend of GATA and Gold:
In his financial newsletter yesterday, economist and monetary metals advocate Alasdair Macleod addressed a mystery recently haunting gold investors.
He begins: "Why goes the gold price fall when war risk increases, and rise when tension relieves? And if oil goes up, why is that bad for gold? This is the opposite of what should happen."
... Dispatch continues below ...
... ADVERTISEMENT ...
Mozambique weighs swapping dollar debt for yuan debt
Submitted by admin on Tue, 2026-05-05 21:08 Section: Daily DispatchesBy Tavares Cebola
Bloomberg News
Tuesday, May 5, 2026
Mozambique is considering converting the $1.4 billion it owes China into renminbi loans as part of a debt restructuring with its biggest bilateral creditor, in line with similar moves by other African sovereign borrowers.
"This is usually a possibility that the cooperation partner raises," the finance ministry said in response to questions at the weekend. "In this specific case, it was a valid possibility that was put on the table."
... Dispatch continues below ...
Ed Steer: How the London fix has suppressed gold prices since 1975
Submitted by admin on Tue, 2026-05-05 21:01 Section: Daily DispatchesFrom Sprott Money, Toronto
Tuesday, May 5, 2026
Originally published by [GATA board member] Ed Steer on November 4, 2024, this article examines longstanding distortions in gold pricing and the structural imbalance between paper and physical markets.
King Report: Trump's obsession with stock market prompts suspicion of intervention
Submitted by admin on Tue, 2026-05-05 11:28 Section: Daily DispatchesFrom The King Report, Burr Ridge, Illinois
Tuesday, May 5, 2026
https://thekingreport.com/
... On Friday, when confronted by a reporter about soaring energy prices, Trump said people are making a lot of money in their 401Ks and other stock market holdings. Obviously Trump is extremely, one might say overly, sensitive to the stock market.
Astute traders recognize this and wonder to what degree he and Bessant are rigging or intervening in the markets. 'Tis why dips are short-lived! ...
