GATA

13 workers kidnapped from Peruvian gold mine are found dead

Section: Daily Dispatches

From 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

1:23p 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

Section: Daily Dispatches

By 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.

Basel III's July 1 application in U.S. will reduce gold market manipulation, Maguire says

Section: Daily Dispatches

1:07p ET Friday, May 2, 2025

Dear Friend of GATA and Gold:

U.S. banks will have a much harder time manipulating gold prices in the futures markets when Basel III regulations start applying to them on July 1, London metals trader Andrew Maguire says in this week's edition of Kinesis Money's "Live from the Vault" program.

Japan says its massive stockpile of U.S. Treasuries is a tool in trade talks

Section: Daily Dispatches

By Leika Kihara and Makiko Yamazaki
Reuters
Friday, May 2, 2025

TOKYO -- Japan could use its $1 trillion-plus holdings of U.S. Treasuries as a card in trade talks with Washington, its finance minister said today, raising explicitly for the first time its leverage as a massive creditor to the United States.

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