Kitco News
China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years -
(Kitco News) – China ramped up its gold purchases in September as bullion prices declined, recording the largest monthly increase in its official reserves in three years, the People’s Bank of China announced on Wednesday.The central bank increased its gold reserves by 21 tonnes last month to 2,196 tonnes as of the end of September, marking the 23rd consecutive month of purchases, according to t...
Gold to hit $5,000, silver $97 in the next 12 months - LBMA delegate survey -
(Kitco News) - The ongoing energy crisis, persistent inflation and surging bond yields continue to create significant near-term headwinds for gold and silver, but those challenges have done little to shake the precious metals industry’s long-term bullish conviction.
Metals rise as oil steadies, yields pull back from 24-year highs - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices were higher in late U.S. trading Tuesday, as Treasury yields eased from multi-decade highs and the U.S. dollar pulled back, giving metals room to extend their post-payroll rebound.
Hong Kong becomes Russia’s gold gateway to China as bullion flows shatter records -
(Kitco News) – Western sanctions have upended traditional gold flows, with Russian bullion that would normally go to London now pouring into Hong Kong at a record pace on its way to mainland China and other Asian markets.
LBMA 2026: Central banks find new reasons to increase official gold reserves -
(Kitco News) - For the last four years, central bank demand has transformed the gold market, providing a critical pillar of support for prices. Even if official demand continues to slow, reserve managers are increasingly viewing the precious metal as a strategic asset that can protect against geopolitical uncertainty, financial market instability and declining confidence in traditional reserve ...
Gold doesn’t have to be a ‘dead asset’: Tokenization could unlock utility and expand the market – LBMA 2026 -
(Kitco News) - Although gold is recognized as an essential monetary asset, it is also a dead asset, just sitting on a ledger; however, the tokenization of the precious metal could increase its utility, attracting more capital to the space, according to experts at the London Bullion Market Association’s annual Global Precious Metals Conference
Central banks add 39 net tonnes of gold in August with China, Uzbekistan and Poland leading purchases – World Gold Council -
(Kitco News) – Central banks maintained the strong monthly pace of gold allocation to their reserves in August, with the Chinese, Uzbek and Polish central banks leading all sovereign buyers, while other banks repatriated or transferred their sovereign bullion to new vaults, according to Marissa Salim, Senior Research Lead, APAC at the World Gold Council (WGC).
ICE brings futures trading to London’s $190 billion-a-day physical gold market -
(Kitco News) – The world’s largest physical gold trading market now has new futures contracts run by the world’s largest precious metals futures exchange.
Gold, silver prices rise as yields ease but December Fed risk remains - Kitco AM Report -
(Kitco NewsWire) – Spot gold and silver prices are higher in early U.S. trading Tuesday, as long-dated Treasury yields eased from Monday’s multi-decade highs and oil fell below $100 a barrel, giving metals room to extend their post-payroll rebound.
Gold holds near $4,138 as ISM prices keep yields elevated - Kitco PM Report -
(Kitco NewsWire) - Spot gold prices were little changed and spot silver prices were firmer in late U.S. trading Monday, as fading October Federal Reserve rate-hike expectations supported metals while a stronger dollar and long-dated Treasury yields near multi-decade highs capped gold’s rebound.
Zero Hedge
After Iran's Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries -
After Iran's Rial, Hormuz Claims Its Second Currency: Iraq Devalues Dinar 13% To Keep Paying Salaries
Last weekend, we noted that the clearest scorecard of the US economic war on Iran is the rial, which cratered to a record 2.7 million per dollar (the slide that we first flagged in "Iran's Deadline Expires Today"... Rial Collapses, and which has only accelerated since). Turns out T...
Trump Says He Is Considering Suspending Federal Gas Tax -
Trump Says He Is Considering Suspending Federal Gas Tax
Authored by Tom Gantert via The Epoch Times,
President Donald Trump said he was thinking about suspending the federal gas tax as he spoke to reporters on Tuesday.
President Donald Trump speaks at Anduril Industries in Sparrow Point, Md., on Oct. 6, 2026. Madalina Kilroy/The Epoch Times"We're thinking about that," Trump said ...
Pakistan, Turkey & Saudi Arabia Trigger Mecca Defense Pact -
Pakistan, Turkey & Saudi Arabia Trigger Mecca Defense Pact
In a historic first, the Mecca Defense Pact between Saudi Arabia, Pakistan and Turkey is now in force, according to the allies at an emergency meeting in Riyadh.
It was only signed in August, but soon after it was formalized an all-out war between the Houthis and Saudi coalition in Yemen erupted, with the Ansar Allah movem...
CIA Officer Arrested With Gold Bars Admits Exposing Top-Secret Source To Foreign Government -
CIA Officer Arrested With Gold Bars Admits Exposing Top-Secret Source To Foreign Government
Authored by Zachary Stieber via The Epoch Times,
A CIA officer arrested with gold bars and cash in his home has admitted to stealing from the government and exposing a top-secret source, according to court filings made public on Oct. 6.
During their search of David Rush's home, investigato...
US Reiterates "Do Not Travel" Warning For Russia After Lab Worker's Death Raises Plague Fears -
US Reiterates "Do Not Travel" Warning For Russia After Lab Worker's Death Raises Plague Fears
The Trump administration formally asked Russia for details about the reported death of a laboratory worker at a facility studying pneumonic plague in Siberia's Irkutsk region. Russian authorities said they found no plague in the deceased worker or contacts.
*US PREPARING FORMAL REQUEST T...
Blanche Says DOJ Is Using Fraud Laws To Combat Birth Tourism -
Blanche Says DOJ Is Using Fraud Laws To Combat Birth Tourism
Authored by Tom Gantert via The Epoch Times,
Despite a Supreme Court setback in June, the Justice Department (DOJ) is working with federal immigration agencies to combat birth tourism by using existing laws, U.S. Attorney General Todd Blanche said.
Attorney General Todd Blanche speaks during an interview in Washington o...
Isaias Forecast To Become Season's First Atlantic Hurricane, Threatening Gulf Coast Rigs, Major Refineries -
Isaias Forecast To Become Season's First Atlantic Hurricane, Threatening Gulf Coast Rigs, Major Refineries
Tropical Storm Isaias is forecast to strengthen into a Category 2 hurricane, with the northern US Gulf Coast in its crosshairs later this week. The cone of uncertainty includes critical energy assets, such as offshore oil rigs and major refineries.
Isaias was about 285 miles ...
Futures Slide From Record As Oil Jumps On Hormuz Tanker Attacks, 30Y Yield Hits 2002 High -
Futures Slide From Record As Oil Jumps On Hormuz Tanker Attacks, 30Y Yield Hits 2002 High
US equity futures are sliding from Tuesday's record close as oil climbs back above $100, global bond yields resume their ascent and the AI bubble debate makes an unwelcome comeback. As of 8:00am ET, S&P futures are 0.4% lower, trading around 7,844, while Nasdaq 100 and Dow futures drop 0.6%; sm...
World Bank Warns Asia Is Running Out Of Money To Fight Energy Shock -
World Bank Warns Asia Is Running Out Of Money To Fight Energy Shock
Authored by Irina Slav via OilPrice.com,
Asian countries have responded more aggressively than others to the energy supply crunch caused by the U.S. and Israeli war on Iran and now they are running out of resources to continue their response, the World Bank warned in a new report.
The report actually focuses on...
Standard Chartered Says Hormuz Oil Flows Are Far From Normal -
Standard Chartered Says Hormuz Oil Flows Are Far From Normal
Authored by Alex Kimani via OilPrice.com,
Gulf oil exports rebounded to roughly 16.5 million bpd in September, near pre-war levels, despite only 60% of those barrels crossing Hormuz versus 83% before the war.
Exporters have adapted through pipelines, bypass ports and extensive ship-to-ship transfers, but the syst...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
China's central bank adds gold in Sept. as bullion weakens -
By Jessica ZhouBloomberg NewsWednesday, October 7, 2026
China added more gold to reserves last month, pushing a buying streak close to the two-year mark as prices weaken toward $4,000 an ounce.
Holdings of bullion at the People's Bank of China expanded by 740,000 ounces in September, marking the 23rd month of accumulation, according to data today. The central bank -- among the biggest gold buye...
Hong Kong's bridge of gold completes China's yuan ambition -
Beijing's push to accumulate gold serves a larger goal: yuan internationalisation. In this series, Part I traces China's path to becoming a gold superpower, while this article explores Hong Kong's key role in safeguarding the nation's financial security.
By Chow Chung-yanSouth China Morning Post, Hong KongTuesday, October 6, 2026
https://www.scmp.com/opinion/hong-kong-opinion/article/3369468/ho...
James Turk: Money and federal autocracy -- 1913 and the quiet inversion of the American constitutional order -
By James TurkJohn Wiley & Sons, Hoboken, New JerseyMonday, October 5, 2026
The American Revolution affirmed that sovereignty inheres by nature in each citizen, and collectively in the people. The Constitution completed a structure in which authority flowed from citizens to their several State republics, and from the states to a Union holding only delegated powers.
The year 1913 inverted that o...
Africa's gold powerhouse bypasses US dollar to clear trade with China -
By Solomon EkanemBusiness Insider Africa, New YorkMonday, October 5, 2026
Ghana has begun allowing importers to use the Ghanaian cedi to pay for eligible imports from China, in a move aimed at reducing businesses' reliance on the US dollar for bilateral trade.
Bank of Ghana Governor Dr. Johnson Pandit Asiama disclosed the development at the 132nd Monetary Policy Committee press briefing, saying...
Intercontinental Exchange launches trading in gold futures in London -
By Philip StaffordFinancial Times, LondonTuesday, October 6, 2026
US derivatives group Intercontinental Exchange has begun offering trading in gold futures in London, in the latest attempt to introduce precious metals derivatives in the world's centre of physical bullion trading.
The New York Stock Exchange owner this week debuted precious metals contracts tied to daily auction prices set in Lo...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
Legal Tender -
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
This Day In Market History: Legal Tender Act Of 1862 -
What Happened? On this day in 1862, U.S. President Abraham Lincoln signed the Legal Tender Act into law. Where The Market Was: The Legal Tender Act predates both the S&P 500 and the Dow Jones ...
CoinDesk
Quantum computers threaten exposed private keys rather than blockchains, Europol warns -
EU law enforcement agencies urged developers, exchanges, and users to initiate phased post-quantum migrations immediately to prevent future unauthorized fund transfers.
Ether is about to lose a steady buyer as Tom Lee says Bitmine will stop token purchases -
Tom Lee said Bitmine will be “done stacking” once it owns 5% of ETH, setting an end date to an accumulation streak that began in mid-2025 and made the company the world's largest Ethereum treasury.
Crypto trading giant GSR's new vault business is a $100M bet on onchain credit -
The firm is putting its own capital into stablecoin and tokenized gold vaults as institutional finance moves further onchain.
Swift blockchain ledger requires key internal layers, Taurus co-founder warns -
Banks need their own permissioned ledger, wallet tools and smart-contract capabilities before they can use Swift’s tokenized-deposit network, Taurus’s Lamine Brahimi said.
Here’s what bitcoin needs to break above $87,000 -
Your day-ahead look for Oct. 7, 2026
Live updates: Bitcoin falls 4%, tumbling below $83,000 as interest rates surge -
Ether underperformed, losing 6% after Tom Lee said Bitmine would soon stop purchasing additional ETH.
Bitcoin’s recovery stalls just short of rescuing its last underwater cohort -
Yearly buyer cohorts and U.S. spot ETF investors offer a map of potential support and resistance as bitcoin retreats below $84,000.
Liquidations jump to $547 million as oil rally hits crypto market -
Bitcoin fell below $84,000 as oil climbed on Iranian tanker attacks, while smaller tokens fell harder and liquidations rose to $547 million.
Rain is seeking a national trust bank charter to bypass third-party banks -
The stablecoin payments company’s proposed New York trust bank would custody digital assets and dollars, manage stablecoin reserves and issue and redeem dollar-backed tokens.
Robinhood adds $25 million of bitcoin to its balance sheet -
Robinhood has added bitcoin worth $25 million to its balance sheet, senior vice president and general manager of crypto and international, told the Starting Block Wednesday.
bitcoin.com
Solana x402 Lets AI Agents Batch USDC Payments, Slashing Fees -
Solana has rolled out batch payments for the x402 standard with PayAI Network and BlockRunAI, allowing AI agents to make many USDC payments before settling them in a single onchain transaction. BlockrunAI Saves $20K a Month Using Solana x402 Payments Solana is trying to solve a payments problem humans rarely encounter, but artificial intelligence (AI) […]
Bitcoin Price Slides to $83K as Short-Term Bears Take Control -
Bitcoin’s price range is trading near the floor of its 24-hour range after an overnight selloff dragged the BTC/USD pair to $83,404. The 1-hour picture is firmly bearish, with price below every listed moving average and the relative strength index (RSI) at 27, but the daily structure hasn’t completely cracked. Bulls now need to defend […]
Blackrock Pulls $122M Into Bitcoin ETFs as Ether Loses $202M -
U.S. bitcoin ETFs returned to positive territory Tuesday with $118.86 million in net inflows, led almost entirely by Blackrock’s IBIT. Ether funds suffered a sixth consecutive day of withdrawals, while XRP and HYPE attracted modest buying. Bitcoin ETFs Flip Positive With $119M Inflow Institutional positioning split sharply across the crypto exchange-traded fund (ETF) market Tuesday. […]
Bitcoin Price Slips Under $84K as Tom Lee Eyes Biggest Bull Market Ever -
Fundstrat’s Tom Lee told a Singapore crowd that crypto is “2 days past the bottom” on the same morning a flash crash liquidated more than $400 million in longs, while his treasury company Bitmine said it will stop buying ether at 5% of supply. What Did Lee Say? Lee, chairman of ether treasury company Bitmine […]
US Senate Findings Put GCC Stablecoin Transactions Under Spotlight -
The U.S. Senate findings linking stablecoins, particularly tether, to Iran’s shadow banking network could increase compliance pressure on licensed VASPs across the Gulf region. Legal expert Soham Jethani warns that receiving local currency does not shield merchants from sanctions exposure, as liability can arise at multiple points in a transaction. US Senate Inquiry Heightens Sanctions […]
Reason
AI Solutions in Search of Problems -
Plus: Ketamine deep dive, failed Oura IPO, Ray Dalio's warning, and more...
10 Years of The Reason Roundtable -
The good, the bad, and the ugly of our decade of just podcasting right through the crazy news
Today in Supreme Court History: October 7, 1982 -
10/7/1982: I.N.S. v. Chadha was argued.
The post Today in Supreme Court History: October 7, 1982 appeared first on Reason Magazine.
Federal Court Slaps Down Utah's VPN Restrictions -
A judge blocked a rule that would have required adult sites to block VPNs or age-check the world.
Brickbat: Wrong Door -
Farmington, New Mexico, officials have agreed to pay $6 million to settle a lawsuit brought by a family whose father…
The post Brickbat: Wrong Door appeared first on Reason Magazine.
Open Thread -
What’s on your mind?
Prettifying Executions Does Not Make Them Quicker or More Reliable -
Lethal injection aims to disguise the brutal reality of capital punishment by dressing it in medical garb.
Justice Alito Gives a Fuller Explanation of His Suncor Recusal -
One of several worthwhile tidbits in Justice Alito's Wall Street Journal interview.
Obama Campaigns for Abdul El-Sayed as Republicans Sound the Alarm -
Former President Barack Obama is hitting the campaign trail for Abdul El-Sayed as Michigan emerges as one of the country’s biggest political battlegrounds.
Trump Keeps Contradicting the 'National Security' Rationale for Banishing Disfavored Journalists -
Attorney General Todd Blanche, who complains that CNN's coverage is "almost 100 percent negative towards the president," also has trouble keeping the story straight.
Tenth Amendment Center
The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. -
That means the rules of the constitution apply whether someone calls it an “emergency” or not. On this episode, it’s the founders’ long-forgotten warning about the oldest weapon in the book. Let politicians have extra power or funding because THEY declare an emergency? And you’ll get never-ending emergencies.
The post The Word “Emergency” Doesn’t Exist in the Constitution. That’s no Accident. a...
The ONLY Cure for a Corrupted Republic -
Removing the corruption and restoring its lost principles is what Montesquieu said is the only path forward. Everything else is doomed to failure: “every other correction,” he warned, ”is either useless or a new evil.” On this episode, it’s the top-6 principles that built American independence. Forgotten and ignored for generations, but only truly lost if “We the People” refuse to bring them ba...
When War Comes Home: A Constitutional Warning -
Every generation faces a temptation to exchange freedom for security. Every generation is told that normal rules cannot apply because a crisis is too serious, an enemy too dangerous and a moment too urgent.
The post When War Comes Home: A Constitutional Warning appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
Site-Blocking Will Not Defend IP, No Matter the Bill’s Name -
There has been a raft of site-blocking bills in the latest Congress, and the latest is called the “Deterring Extraterritorial Foreign Exploitation of Networks Damaging Intellectual Property” aka the “DEFEND IP Act.” The problem is that instead of “defending IP,” this bill will incentivize censorship, overblocking, and bad faith attempts to block access to a website. DEFEND IP Act, and all of th...
Congress Has Another Site-Blocking Bill, And This One Targets VPNs -
Congress is taking another run at site-blocking, a deeply flawed concept that would undermine basic internet infrastructure. Rep. Darrell Issa (R-CA) has introduced the American Copyright Protection Act (ACPA), H.R. 10364, a bill that would give copyright owners a new legal tool to block Americans’ access to foreign websites accused of copyright infringement.
The basic idea is all too familiar...
Victory! Court Rejects Government Effort to Dismiss Social Media Surveillance Lawsuit -
Judge Allows Social Media Surveillance Lawsuit Against Trump Administration to Move ForwardNEW YORK — A lawsuit filed by three labor unions against the Departments of State and Homeland Security for their viewpoint-based surveillance and suppression of protected expression online can move forward, a federal judge ruled yesterday.
On October 1, 2026, Judge Alvin K. Hellerstein of the U.S. Distri...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
This Week in Gun Rights -
THIS WEEK IN THE FIGHT Here’s what you may have missed this week in the fight for the Second Amendment… This week, ATF confirmed that guidance is incoming on GOA’s historic victory against the registration requirements of the National Firearms Act… Also, ATF confirmed to Congress that they have more than 1.4 billion records in their illegal registry of guns … Read more
GOA Sues City of Jacksonville, Florida Over Illegal Gun-Free Zones -
FOR IMMEDIATE RELEASE September 29, 2026 Jacksonville, FL — Gun Owners of America (GOA), Gun Owners Foundation (GOF), Florida Carry, and individual plaintiffs have filed a lawsuit challenging firearm restrictions enforced at City-owned venues across Jacksonville. The suit (Case No. 16-2026-CA-006676-AXXX-MA) names the City of Jacksonville, Sheriff T.K. Waters, and Mayor Donna Deegan—and chall...
President Trump Just Killed DOJ’s Appeal -
PRESIDENT TRUMP TOLD DOJ: DON’T APPEAL GOA’S WIN! Thank you to President Trump for supporting the Second Amendment! President Trump personally ordered the Justice Department not to appeal our NFA victory. The deadline to file would have been October 5th. But, ATF still hasn’t issued guidance for FFLs and gun owners on how to proceed after the win. GOA has … Read more
Banking Dive
Ally CEO: ‘Strategy is about choices’ -
A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.
Rain, Modern Treasury seek OCC trust charters -
The firms join a growing list of fintech companies looking to get into the folds of federal regulation, days after a trade group sued the OCC over trust charters.
Top bank conferences to attend in 2027 -
Connecting with peers and competitors may offer the gut-check that banking leaders need so they can innovate in a way that lets customers and shareholders both prosper.
Banks prioritize responsible AI, governance as use soars -
JPMorgan Chase and Capital One ranked highest in AI maturity considering talent, leadership and transparency, according to Evident's annual AI index.
DOJ won’t reopen Powell probe -
There’s “more work to do to understand” how the Fed’s renovation project became so expensive, AG Todd Blanche told Bloomberg TV, but the Justice Department won’t reopen its related investigation into Jerome Powell.
American Banker
Bank of International Settlements
Federal Reserve - Press Releases
FDIC - Press Releases