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Daily Dispatches
China loosens gold import quotas to slow yuan rally
Submitted by admin on Thu, 2025-05-08 09:23 Section: Daily DispatchesFrom Reuters
Thursday, May 8, 2025
China's central bank has approved foreign exchange purchases by some commercial banks to pay for gold imports under recently increased quotas, two people with direct knowledge of the matter said Wednesday.
The People's Bank of China's gold import quotas for the country's big banks determine how much bullion enters the world's leading consumer of the precious metal. It has in the past tweaked these quotas to help calibrate demand for dollars.
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Missourians could soon pay with gold and silver after lawmakers approve odd bill
Submitted by admin on Thu, 2025-05-08 09:06 Section: Daily DispatchesBy Kacen Bayless
Kansas City Star
Wednesday, May 7, 2025
Shoppers in Kansas City and across Missouri could soon be able to pay for their groceries and pay taxes with gold and silver.
Missouri lawmakers, in a move that surprised some, this week approved a controversial bill that would make gold and silver legal tender in the state. The legislation, which passed both chambers of the General Assembly as an amendment to a sweeping finance-related bill, is headed to Republican Gov. Mike Kehoe’s desk.
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Taiwan currency's surge is a 'warning shot' for Asia's de-dollarization, analysts say
Submitted by admin on Wed, 2025-05-07 16:32 Section: Daily DispatchesBy Xiaofei Xu and Ralph Jennings
South China Morning Post, Hong Kong
Wednesday, May 7, 2025
The New Taiwan dollar's recent surge, along with the appreciation of other Asian currencies, suggests a deepening of regional de-dollarization as investors rethink their investments in the U.S. currency amid Washington's "extremely predatory" behavior toward foreign countries, analysts said.
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Brien Lundin: Gold's strange behavior
Submitted by admin on Wed, 2025-05-07 16:19 Section: Daily DispatchesBy Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, May 7, 2025
Yes, it's different this time.
I know that's about the most dangerous phrase in all of investing, and virtually everyone who has ever uttered it was ultimately made a fool by the markets.
But there's no denying that this gold bull market is unprecedented for a number of reasons.
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Shanghai Gold Exchange to expand warehouse network to Hong Kong ...
Submitted by admin on Tue, 2025-05-06 14:35 Section: Daily Dispatches... to give China more control over commodity pricing.
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From Bloomberg News
Tuesday, May 6, 2025
The Shanghai Gold Exchange plans to expand its warehouse network to Hong Kong, helping to raise the profile of its yuan-denominated products, including for the precious metal, beyond mainland China.
The new vault will be operated by a subsidiary of Bank of China Ltd., according to people familiar with the matter, who requested not to be identified as the information is private.
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Share of gold in India's forex reserves doubles in four years
Submitted by admin on Mon, 2025-05-05 21:53 Section: Daily DispatchesFrom Reuters
via The Times of India, Mumbai
Monday, May 5, 2025
The share of gold held by India's central bank in its foreign exchange reserves has doubled in the last four years as on March-end, a report by the Reserve Bank of India showed today.
In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.70% by end-March, from 9.32% as at end-September 2024 and 5.87% as on end-March 2021, the central bank's half year forex reserves report said.
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13 workers kidnapped from Peruvian gold mine are found dead
Submitted by admin on Sun, 2025-05-04 20:47 Section: Daily DispatchesFrom the Associated Press
Sunday, May 4, 2025
LIMA, Peru -- The bodies of 13 security guards kidnapped from a major Peruvian gold mine just over a week ago were found today, Peru's Interior Ministry said, their deaths coming as violence escalates in the Andean nation's crucial mining industry.
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Dollar's decline is fueling dislocations across Asian currencies
Submitted by admin on Sun, 2025-05-04 20:41 Section: Daily DispatchesBy Tian Chen
Bloomberg News
Sunday, May 4, 2025
Asian currencies turbocharged by dollar weakness are attaining rarely seen superlatives and triggering central bank intervention to curb excessive gains.
The Hong Kong Monetary Authority on Friday sold a record amount of local dollars to prevent its advance and protect the currency’s 42-year-old peg to the greenback.
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For supporting GATA you can get a commemorative silver round
Submitted by admin on Fri, 2025-05-02 13:24 Section: Daily Dispatches1:23p ET Friday, May 2, 2025
Dear Friend of GATA and Gold:
We are so close to victory now. Gold is all over mainstream financial news organizations now even as they strive not to expose the real reasons for the monetary metal's spectacular rise: the collapse of the derivatives-based gold price suppression system.
Soaring gold price tempts customers to cash in coins and old jewelry
Submitted by admin on Fri, 2025-05-02 13:17 Section: Daily DispatchesBy Claer Barrett
Financial Times, London
Friday, May 2, 2025
The surging gold price has brightened the financial prospects for those considering selling scrap gold or collectable coins, as UK high street pawnbrokers report a new wave of customers.
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