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Daily Dispatches

Russian gold floods through Hong Kong following Western sanctions

Section: Daily Dispatches

By William Sandlund and Haohsiang Ko
Financial Times, London
Sunday, September 6, 2026

Russian gold shipments to Hong Kong have surged this year as the Chinese territory becomes a top trading centre for bullion placed under sanctions by the West.

The shift comes at a time when Asian hubs are vying to control more of the global gold trade that has traditionally centred on London, New York, and Dubai.

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China expands currency swap with Egypt as trade ties reach new heights

Section: Daily Dispatches

By Jevans Nyabiage
South China Morning Post, Hong Kong
Saturday, September 5, 2026

https://www.scmp.com/news/china/diplomacy/article/3366430/china-expands-currency-swap-egypt-trade-ties-reach-new-heights

Egypt's expanded currency swap with China may help bring the yuan into wider use in trade and investment, but experts say any reduced reliance on the US dollar will not happen in a hurry.

Ronan Manly: It's more than a bull market in gold but a change in the financial system

Section: Daily Dispatches

9a ET Saturday, September 5, 2026

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly returns today with a comprehensive review of gold's revival during the last decade, which, he writes, is far more than a rally in price but its return to the center of the world financial system. 

Alasdair Macleod: A yen for gold

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Friday, September 4, 2026

The yen carry trade is blowing up, driving up global bond yields. Investors are slowly learning that the only safe havens are to be found in gold, silver, and storable commodities.

It started with Scott Bessent at the U.S. Treasury intervening in the JPY rate doing a favor for Japan's finance ministry in late-July. 

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Norway's $2 trillion sovereign fund proposes deep cuts to U.S. Treasury holdings

Section: Daily Dispatches

By Iain Withers and Tommy Reggiori Wilkes
Reuters
Friday, September 4, 2026

LONDON -- The manager of Norway's $2.3 trillion sovereign wealth fund has proposed significantly cutting its exposure to U.S. Treasuries as part of ‌a wider shake-up of its bond investments to improve returns, according to a letter published this week.

Norges Bank Investment Management has recommended reducing its weighting to government bonds within its benchmark bond index to 50% from 70%, with U.S. Treasuries, the biggest holding, getting the biggest cut, according to the letter.

Biggest money managers are rebuilding gold positions

Section: Daily Dispatches

By Yihui Xie, Yvonne Yue Li, and Jack Ryan
Bloomberg News
via The Straits Times, Singapore
Friday, September 4, 2026

Some of the world's biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure even as the U.S. Federal Reserve takes a more assertive stance on inflation.

A list of countries that have pulled gold from U.S. Federal Reserve

Section: Daily Dispatches

From Newsweek, New York
via Yahoo News, Sunnyvale, California
Thursday, September 3, 2026

The Netherlands has become the latest country to pull gold out of the United States in recent years, as the Dutch Central Bank announced on Wednesday that it was moving 86 tons of its reserves from New York and Canada to London, citing "increasing geopolitical unrest." ...

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Fear of seizure helped prompt transfer of Dutch gold out of U.S.

Section: Daily Dispatches

Dutch Central Bank Moves Gold Bars Out of New York Over 'Geopolitical Unrest'

By Olaf Storbeck
Financial Times, London
Wednesday, September 2, 2026

The Dutch central bank has shifted more than 78 tonnes of gold from New York to London in a politically sensitive move, citing "increasing geopolitical unrest." 

Dutch National Bank statement on relocation of gold reserves

Section: Daily Dispatches

When will Hong Kong become a DNB depository?

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DNB Improves Tradability of Gold Reserves

From De Nederlandsche Bank, Amsterdam
Wednesday, September 2, 2026

Dutch central bank moves 10 billion euros in gold out of U.S. and Canada, citing 'instability'

Section: Daily Dispatches

From NL Times, Amsterdam
Wednesday, September 2, 2026

The Nederlandsche Bank announced today it relocated the equivalent of over 10 billion euros in gold from facilities in the United States and Canada over concern for global tensions. The Dutch central bank essentially moved 86,000 kilograms of gold to the Bank of England in London to make it easier to liquidate reserves should a crisis situation arise.

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