Bella Barda-Bareket: The dollar is not retreating; the global contract is being renegotiated
Submitted by admin on Tue, 2026-06-02 14:04 Section: Daily DispatchesBy Bella Barda-Bareket
Ynet.com, Tel Aviv, Israel
Tuesday, June 2, 2026
For nearly 80 years the dollar has been far more than a means of payment. It has functioned as the operating system of globalization. Countries sold goods to America, received dollars in return, invested those dollars in U.S. Treasury bonds, and, in doing so, helped finance the American consumer, the American military, and the American debt.
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India may have sold gold to save FX reserves, Bloomberg analysis shows
Submitted by admin on Tue, 2026-06-02 09:40 Section: Daily DispatchesBy Preeti Soni
Bloomberg News
Tuesday, June 2, 2026
India's central bank may have offloaded a portion of its gold holdings to shield its foreign-currency assets from the cascading fallout of the war in the Middle East, according to an analysis by Bloomberg Economics based on publicly available data.
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Gold replaces U.S. Treasuries as top reserve asset, ECB says
Submitted by admin on Tue, 2026-06-02 05:09 Section: Daily DispatchesBy Olaf Storbeck and Leslie Hook
Financial Times, London
Tuesday, June 2, 2026
Gold has overtaken U.S. government bonds as the top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years.
Bullion accounted for 27% of all central bank reserve assets at the end of 2025, up from 20% a year earlier, according to a report published today by the European Central Bank. U.S. Treasuries fell to 22% from 25% over the same period.
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Barrick weighs London listing as it negotiates sale of Africa business, sources tell Reuters
Submitted by admin on Tue, 2026-06-02 02:54 Section: Daily DispatchesBy Divya Rajagopal and Clara Denina
Reuters
Monday, June 1, 2026
TORONTO -- Barrick Mining, a leading gold miner, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen as one option under consideration, two sources familiar with the matter told Reuters.
Activist fund Elliott calls for sale of Australia's largest gold miner
Submitted by admin on Mon, 2026-06-01 23:41 Section: Daily DispatchesBy Nic Fildes
Financial Times, London
Tuesday, June 2, 2026
SYDNEY -- U.S. activist hedge fund Elliott Management has called for Australia's largest gold miner to put itself up for sale after building a significant stake in the underperforming company in recent months.
The value of Northern Star Resources, which owns the giant Fimiston "super pit" gold mine in Kalgoorlie, Western Australia, has collapsed this year after operational issues triggered multiple profit warnings and production downgrades.
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Sound Money Defense League applauds Trump's new call for gold audit, urges action on transparency act
Submitted by admin on Sun, 2026-05-31 14:09 Section: Daily DispatchesFrom the Sound Money Defense League
Eagle, Idaho
Sunday, May 31, 2026
Following President Donald Trump’s Truth Social post declaring "Time to Audit Fort Knox," the Sound Money Defense League today urged Congress to take immediate action on the Gold Reserve Transparency Act, which is pending in both the U.S. House and Senate.
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