Gold Headlines

'Free money' for banks as investors pile into fractured gold market

Ex-JPMorgan trader sentenced to prison for currency rigging

Treasury yields muted with pandemic, stimulus and Powell testimony on focus

Gold steadies as fresh lockdowns offset firm dollar (Reuters)

Earlier in the day, a firmer U.S. dollar dented gold's appeal, with the dollar index holding on to overnight gains against its rivals. A firmer dollar makes bullion more expensive for holders of other currencies. "Gold is now more sensitive to the U.S. dollar rather than any other factors," said Margaret Yang, a strategist with DailyFx, which covers currency, commodity and index. https://in.reuters.com/article/global-precious/precious-gold-steadies…

Gold miners insist they won't splurge despite price surge

CBO Sees U.S. Federal Debt Almost Double Economy’s Size in 2050

Surging dollar holds near six-week high as virus fears return

Canada's Wheaton Precious Metals plans London listing this year

World’s Biggest Lockdown Chokes Indian Gold Smuggling Routes

Illegal shipments of gold to India are estimated to have slowed to a trickle of about 2 tons a month, and may total about 25 tons this year, according to N. Anantha Padmanaban, the chairman of the All India Gem and Jewellery Domestic Council. That compares with an estimate of as much as 120 tons last year, or about 17% of the nation’s annual demand, according to the World Gold Council. https://www.bloomberg.com/news/articles/2020-09-20/world-s-biggest-lockdown-chokes-indian-gold…

Gold Investors Take New Aim at Miners With Returns Falling Short (Bloomberg)

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is urging changes at miners as performance “continues to fall short” in some areas even as prices rise. Read the open letter the group of investors sent to gold miners. https://www.bloomberg.com/news/articles/2020-09-20/gold-investors-take-new-aim-at-miners-with-returns-falling-short