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Daily Dispatches
Gold reserves in London vaults rise in April as bullion returns from U.S.
Submitted by admin on Sat, 2025-05-10 09:17 Section: Daily DispatchesBy Polina Devitt
Reuters
Thursday, May 8, 2025
LONDON -- The London Bullion Market Association said today that gold held in London vaults totalled 8,536 metric tons at the end of April, up 0.6% from the previous month, as more of the precious metal returned from New York to London after dislocation.
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First Majestic Announces Q1 Results with Record Cash Position
Swiss pensions curb exposure to U.S. dollar assets amid debt, policy concerns
Submitted by admin on Fri, 2025-05-09 19:44 Section: Daily DispatchesBy Luigi Serenelli
Investments and Pensions Europe, London
Friday, May 9, 2025
Swiss pension funds are reassessing their exposure to U.S. dollar-denominated assets in light of rising hedging costs, growing concerns over U.S. fiscal policy, and increasing national debt levels.
Wall Street brings the bitcoin vs. gold clash to ETF masses
Submitted by admin on Fri, 2025-05-09 19:32 Section: Daily DispatchesBy Isabelle Lee
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, May 9, 2025
The culture clash between Bitcoin enthusiasts and gold bugs is about to be played out in the world of exchange-traded funds.
Tidal Financial Group this week filed to launch a pair of long-short trades -- pitting the world's biggest cryptocurrency against the shiny metal, and vice versa -- offering investors a high-conviction bet on the best alternative hedge, in one fell swoop.
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Poland's central bank claims to have more gold than European Central Bank
Submitted by admin on Fri, 2025-05-09 14:44 Section: Daily DispatchesBut please watch out, friends. Most of the Polish gold is said to be vaulted with you-know-who in London and New York. It might be more secure in Haiti or Sudan.
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From Notes from Poland, Krakow
Friday, May 9, 2025
The National Bank of Poland now holds 509.3 tonnes of gold, exceeding the reserves of the European Central Bank, says bank Governor Adam Glapinski says.
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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