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Brics Divorce From Western Gold Standards

Market Rundown | Standard Charter Talking Gold, And it is Bullish
9

Housekeeping: Good Morning.

“Begun, the Mineral Wars have. Rebuild its gold supply chains, the West must.”

Topics:

  • Standard Charter Talking Gold, And it is Bullish

  • Russia Launches Gold Contract, Takes on LBMA Benchmark

Market Analysis:

Standard Charter Talking Gold, And it is Bullish

·
Jul 21
Standard Charter Talking Gold, And it is Bullish

What is this?
A nicely put retail piece extolling the virtues of Gold aimed at English speaking investors with little exposure to Gold published by Standard Charter Bank (SC).
Why this is piece significant?
SC is an older bullion bank that has largely changed focus over the years. Currently they are very Crypto and Stablecoin focused. The bank is also (extremely) well positioned in the emerging Hong Kong Stablecoin ecosystem according to JPM as recently as 3 weeks ago. Now SC is talking about Gold once again to (retail) clients in an introductory way.

Full analysis in Premium Post: Standard Charter Talking Gold, And it is Bullish

Russia Launches Gold Contract, Takes on LBMA Benchmark

·
Jul 19
Russia Launches Gold Contract, Takes on LBMA Benchmark

Russia, the world’s second-largest gold producer, will begin trading physical gold on the St. Petersburg International Mercantile Exchange (SPIMEX) by year-end, in a strategic move to establish domestic price benchmarks and reduce reliance on the London’s LBMA Bullion benchmark.

This shift is part of a broader state-led strategy to assert economic sovereignty. The launch of domestic gold trading follows Moscow’s 2023 creation of the Institute of Oil & Gas Initiatives, a parallel to the U.S.-based American Petroleum Institute.

Full analysis in GoldFix Newswire : Russia Launches Gold Contract, Takes on LBMA Benchmark


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Data on Deck: Powell speaks

  • MONDAY, JULY 21 U.S. leading economic indicators

  • TUESDAY, JULY 22 8:30 am Fed Chair remarks at banking conference

  • WEDNESDAY, JULY 23 Existing home sales

  • THURSDAY, JULY 24 PMI, New home sales

  • FRIDAY, JULY 25 Durable Goods

Charts and Final Market Check

**MONDAY, JULY 21 **10:00 amU.S. leading economic indicatorsJune-0.2%-0.1%
TUESDAY, JULY 228:30 am Fed Chair Powell opening remarks at banking conference
WEDNESDAY, JULY 2310:00 amExisting home salesJune4.0 million4.03 million
THURSDAY, JULY 248:30 amInitial jobless claimsJuly 19229,000221,0009:45 amS&P flash U.S. services PMIJuly53.252.99:45 amS&P flash U.S. manufacturing PMIJuly52.452.910:00 amNew home salesJune650,000623,000
FRIDAY, JULY 258:30 amDurable-goods ordersJune-11.0%16.4%8:30 amDurable-goods minus transportationJune0.5%

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