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Daily Dispatches

Barrick drops 'gold' from its name as it builds copper business

Section: Daily Dispatches

From the Canadian Press
via National Post, Toronto
Friday, April 28, 2025

Barrick Gold Corp. announced plans to change its name to Barrick Mining Corp. as it looks to continue to grow its copper business.

The new moniker is subject to approval at the company's upcoming annual and special meeting of shareholders set for May 6.

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Singapore seeks to rival London and NY with new gold contract

Section: Daily Dispatches

By Leslie Hook and Owen Walker
Financial Times, London
Tuesday, May 13, 2025

Singapore-based start-up Abaxx Exchange is seeking to challenge the dominance of London and New York in the global bullion market with the launch of a new physical gold contract, following a blistering price rally this year.

The bourse, which has raised more than $100 million from investors including BlackRock and CBOE Global Markets, plans to offer a physical 1-kilo gold contract next month, denominated in U.S. dollars and deliverable in Singapore.

Brien Lundin: China deal creates opportunities for gold shorts and longs

Section: Daily Dispatches

By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, May 12, 2025

I haven't heard gold mentioned so much in the mainstream financial media at any other point in this new gold bull market.

At every market update on CNBC, for example, it seems the announcer is leading off with a note that gold has posted another $100 day. The metal has never before enjoyed such coverage.

The reason, of course, is because gold is down $100 today, instead of rising that much.

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Support GATA and get a commemorative 1-ounce silver round

Section: Daily Dispatches

1:36p ET Monday, May 12, 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 in recent months: the ongoing collapse of the derivatives-based gold price suppression system.

On LFTV, Maguire and Schectman agree that gold is money forever

Section: Daily Dispatches

8:38a ET Sunday, May 11, 2025

Dear Friend of GATA and Gold:

Coin and bullion dealer Miles Franklin's Andy Schectman is London metals trader Andrew Maguire's guest on this week's edition of Kinesis Money's "Live From the Vault" program, and they discuss how gold has preserved wealth through centuries of monetary and political upheaval. 

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U.S. Global's Frank Holmes: Basel III makes it official that gold is money again

Section: Daily Dispatches

By Frank Holmes
U.S. Global Investors, San Antonio, Texas
Friday, May 9, 2025

For my entire decades-long career in capital markets, I've made the case that gold is not just a shiny relic of the past but a serious, strategic asset for modern investors. After years of pounding the table, it feels pretty good to say that the world's central banks -- and now the U.S. banking system -- are finally catching up.

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Selling of dollar assets signals start of longer-term shift, investors warn

Section: Daily Dispatches

By Ian Smith and Mary McDougall
Financial Times, London
Saturday, May 10, 2025

The dumping of U.S. assets in favor of Europe's resurgent markets signals the start of a much longer-term move by pension funds and other big institutional money managers to cut back their huge exposure to dollar investments, investors say.

Peru's emergency mining ban to cost $200 million in lost gold output

Section: Daily Dispatches

By Marcelo Rochabrun and James Attwood
Bloomberg News
Friday, May 9, 2025

Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that has seen an increase in criminal activity, culminating in the murder of 13 mine workers.

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First Majestic Announces Q1 Results with Record Cash Position 

Gold reserves in London vaults rise in April as bullion returns from U.S.

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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.

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