Tether Gold (XAUt) reserves increased 9.5% in Q2 despite gold's 14.1% decline, reflecting demand for tokenized gold. Holdings rose 36% year-to-date, with XAUt now valued at $2.4 billion.
Nigel Farage received a £5m gift from crypto billionaire Christopher Harbourne, triggering allegations against him and Reform party figures including deputy Richard Tice and George Cottrell, amid questions about his political comeback.
Hedge fund manager John Paulson believes gold is in the early stages of a long-term bull market, citing declining faith in paper currencies and growing demand from central banks and the private sector. He advises investing in early-stage gold miners, specifically mentioning NovaGold Resources.
Gold prices are trading with a bearish bias due to Middle East geopolitical tensions fueling inflation concerns and strengthening expectations of a US Federal Reserve rate hike. Technical indicators suggest a continued downtrend unless key resistance levels are reclaimed.
Precious metals are expected to remain under pressure due to geopolitical uncertainty in the Middle East, upcoming inflation data, and economic indicators influencing global interest rates. The US-Iran conflict, rising oil prices, and a stronger dollar are key factors.
China's central bank added 480,000 troy ounces (14.93 tonnes) of gold to its reserves in June, marking the 20th consecutive month of gold purchases, as part of its strategy to diversify foreign-exchange reserves and reduce dependence on US-denominated assets.
Nigel Farage faces scrutiny over undeclared financial gifts from a crypto billionaire and a convicted fraudster. His defense, led by Robert Jenrick, has been met with skepticism, highlighting inconsistencies and a pattern of opacity in Farage's finances.
Gold prices rose on Wednesday, recovering from morning losses, after experiencing its worst quarter in 13 years ending June 30. Analysts cite stronger U.S. economic data, higher yields, and a firmer dollar as reasons for the recent decline, though structural supports are expected to aid prices in the next 12 months.
Gold prices dropped further on Wednesday, closing their worst quarter in 13 years. Futures fell 1.24% to $3,989.00, while spot prices were down 0.82% at $3,974.51. Despite the decline, Amundi Investment Institute suggests gold remains crucial for diversified portfolios amid volatile inflation and central bank diversification.
Reform UK leader Nigel Farage declared a £270,000 payment from Direct Bullion for advertising gold bullion, marking his largest registered payment since becoming an MP. The work reportedly involved four hours per month over three months.
Nigel Farage, leader of Reform UK, received £270,000 from Direct Bullion, a gold marketing company where he is a brand ambassador. This payment, his largest as an MP, appears in his latest parliamentary register of interests. Critics accuse him of prioritizing personal gain over his constituents.
Gold prices fell across major Indian cities on Friday, June 19, 2026, mirroring a drop in domestic bullion rates. Consumers looking to buy gold jewellery will find lower prices today. Experts suggest gold may target further support zones.
Central banks are increasingly storing gold bullion domestically, driven by geopolitical tensions and concerns over accessibility of overseas reserves. The World Gold Council survey shows a rise in domestic storage and diversification of foreign locations, with expectations of continued central bank gold purchases.
The 2026 FIFA World Cup trophy's raw gold value has surged to $713,000, a 157% increase from 2022, driven by a historic rally in gold prices. The trophy, made of 4.93kg of pure gold, reflects broader commodity market trends and investor demand for safe-haven assets.
Former Trump intelligence official Amaryllis Fox Kennedy revealed she resigned due to concerns over the CIA's unsupervised movement of gold bullion and taxpayer funds, not family finances. She cited a lack of oversight and potential 'weaponization' of security services.
A recent 15% hike in India's gold import duty has led to a surge in smuggling, with illicit gold sold at discounts of up to Rs 10 lakh per kg. This creates a significant price gap, incentivizing grey market operators and mirroring a similar trend seen in 2013.
India has restricted silver imports, requiring a government license, as part of broader measures to regulate bullion inflows and ease pressure on its external sector. This follows recent caps on gold imports and stricter compliance for the gems and jewellery industry.
After two years in parliament, Reform UK leader has brought in £2m on top of his Commons salaryNigel Farage’s income since being elected MP has hit £2m, analysis shows“There’s no money in politics,” Nigel Farage complained almost a decade ago, describing himself as “53, separated and skint”.He has since proved himself wrong. After two years in parliament, Farage has brought in £2m, including hospitality, through speeches, presenting, writing news articles, promoting gold bullion – and even recording modestly priced Cameo clips for his fans. It seems that every £70 video counts when it comes to making cash. Continue reading...
Reform UK leader has registered wide range of financial interests on top of his Commons salary since July 2024Cameo, speeches, pushing gold bullion: how Farage has made millions since becoming an MPNigel Farage’s income since he was elected as an MP has now reached £2m on top of his parliamentary salary, analysis of the register of MPs has shown.Farage’s earning power sets him alongside a small number of MPs who have been able to leverage their status for external income alongside their day jobs – drawing comparisons to Boris Johnson, who made about £5m on top of his MP’s salary in the six months after he resigned as prime minister. Continue reading...
Tether’s XAUt tops $3.3 billion as gold reserves reach 154 tons, with demand rising amid geopolitical tensions and shifting expectations for Federal Reserve policy.
The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in the Middle East has intensified global demand to diversify gold storage, creating a strategic window for Hong Kong to tap its unique status and evolve from...
