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Daily Dispatches
Carney's call for alternatives to the U.S. dollar will get backs up in Washington
Submitted by admin on Fri, 2026-09-25 08:19 Section: Daily DispatchesBy Konrad Yakabuski
The Globe and Mail, Toronto
Friday, September 25, 2026
What does Prime Minister Mark Carney have against the U.S. dollar?
Plenty, it turns out. And his recent calls for an alternative to the U.S. greenback as a global reserve currency will not go over well in Washington, where the dollar's dominance is seen as an indispensable tool in the conduct of U.S. economic and foreign policy.
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Maguire on LFTV: Leveraged Western selling of gold vs. unleveraged Asian buying
Submitted by admin on Thu, 2026-09-24 20:13 Section: Daily Dispatches8:15p ET Thursday, September 24, 2026
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells Kinesis Money's "Live from the Vault" program today that the world's gold war is pitting leveraged selling in the West against unleveraged buying in Asia, and Asia is winning.
China's development of a physical gold exchange in Hong Kong is "statecraft," Maguire says, and will effectively back the yuan with gold and thereby help to internationalize that currency.
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Desmond Lachman: The bull case for gold
Submitted by admin on Thu, 2026-09-24 18:27 Section: Daily DispatchesBy Desmond Lachman, Senior Fellow
American Enterprise Institute, Washington
Thursday, September 24, 2026
Seldom before have the stars aligned themselves as well for gold's longer-run price outlook as they have today.
U.S. considers promoting dollar-backed stablecoin abroad
Submitted by admin on Wed, 2026-09-23 23:04 Section: Daily DispatchesBy Anna Irrera, Saleha Mohsin, and Lydia Beyoud
Bloomberg News
Wednesday, September 23, 2026
The Trump administration is considering an initiative to promote the use of dollar-denominated stablecoins overseas, according to people familiar with the plans, in a bid to reinforce the greenback's status as the world’s reserve asset.
Hong Kong unveils gold, bond, and liquidity plans to drive next phase of yuan adoption
Submitted by admin on Wed, 2026-09-23 09:20 Section: Daily DispatchesBy Enoch Yiu
South China Morning Post, Hong Kong
Wednesday, September 23, 2026
Bourse operator Hong Kong Exchanges and Clearing will launch yuan-denominated gold futures early next year, while the city's de-facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency's internationalisation, speakers at a banking summit said today.
China spends record amount importing over 1,000 tonnes of gold so far this year
Submitted by admin on Tue, 2026-09-22 08:16 Section: Daily DispatchesBy William Sandlund
Financial Times, London
Tuesday, September 22, 2026
HONG KONG -- China has spent a record sum importing more than 1,000 tonnes of gold this year as the central bank and local investors pour cash into bullion amid rising geopolitical tensions abroad and poor returns on local assets.
The world's second-largest economy spent $158.8 billion on gold in the first eight months of the year. That compared with spending of $96.5 billion for all of 2025 on 886 tonnes of gold.
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U.S. to use dollar sanctions to close Iranian airlines
Submitted by admin on Mon, 2026-09-21 19:40 Section: Daily DispatchesU.S. threatens to ground Iranian airlines worldwide tomorrow
From Al Jazeera, Doha, Qatar
Monday, September 21, 2026
United States Treasury Secretary Scott Bessent says Iranian airlines could effectively be shut out of international travel from Wednesday, as Washington threatens foreign companies with secondary sanctions if they continue servicing the country’s carriers.
“On September 23, all the Iranian airlines will be shut down around the world,” Bessent told CNBC today.
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Ole Hansen: Gold breaks with real yields as fiscal concerns reshape investor demand
Submitted by admin on Mon, 2026-09-21 17:48 Section: Daily DispatchesBy Ole Hansen
Head of Commodity Strategy
Saxo Bank, Hellerup, Denmark
Monday, September 21, 2026
U.S. 10-year real yields hit their highest level in more than 20 years on Friday at 2.63%, a 76-basis point increase since the start of the year, while total gold-backed exchange-traded fund holdings continued to recover following a drop in H1 2026.
The divergence highlights an increasingly notable disconnect between gold demand and what historically has been a strong inverse relationship with real yields.
As Africa digs up tons of illicit gold, a fabled refinery wants to make it legit
Submitted by admin on Mon, 2026-09-21 17:35 Section: Daily DispatchesBy Alexandra Wexler
The Wall Street Journal
Monday, September 21, 2026
JOHANNESBURG, South Africa -- Behind multiple sets of locking doors, watched over by hundreds of security cameras, is a windowless refinery that has processed almost a third of all the gold produced in the history of the world.
Now the storied Rand Refinery is switching up its playbook.
Long the go-to destination for Africa's commercially mined gold, it is working to tap the vast quantities of metal dug up by the continent's countless informal miners too.
Will this review of GATA's work persuade you to help?
Submitted by admin on Mon, 2026-09-21 13:39 Section: Daily Dispatches1:46p ET Monday, September 21, 2026
Dear Friend of GATA and Gold (and Silver):
Last week Mark Maharrey and GATA's other friends at Money Metals Exchange generously gave your secretary/treasurer a half hour on their weekly podcast to review GATA's work over the last 26 years and to remark on recent developments in the monetary metals.
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