Spot gold prices have recently crossed $3,000 an ounce for the first time, before settling slightly lower at $2,990. This surge in gold prices reflects a more than 15% increase this year, fueled by strong ETF inflows, geopolitical tensions, and ongoing concerns over U.S. stocks amid trade discussions involving former President Donald Trump. Gold priced ...
In light of growing geopolitical tensions, Bitcoin is emerging as a potential backup plan for Donald Trump if he fails to influence BRICS nations away from their dollar rebellion. The U.S. economy’s heavy reliance on debt and imports has led to concerns about a possible decline in living standards if the dollar’s dominance disappears. As ...
In a rapidly changing global economy, Bitcoin is emerging as a potential alternative for Donald Trump to counter the rising influence of BRICS nations that are moving away from the US dollar. As geopolitical tensions mount, the stability of the dollar is being questioned, leaving the United States vulnerable to significant economic shifts. China and ...
Steve Marshall, the Director of Advisory Services at FinScan, highlighted the key business themes for 2024, which included rising geopolitical tensions and evolving regulations. The U.S. imposed new sanctions on Russia, Iran, and Venezuela, making compliance more crucial for banks, especially after significant fines for inadequate measures. Regulatory focus also shifted to beneficial ownership reporting ...
Global trade is changing, pushing countries to find a reliable alternative to the dollar for international transactions. In light of geopolitical tensions, the Brics nations—Brazil, Russia, India, China, and South Africa—are considering a shared currency backed by gold and their currencies. This gold-backed digital currency could lower transaction costs and lessen exchange rate volatility, potentially ...
The idea of countries holding bitcoin as a reserve currency is gaining traction, with reports indicating that 13 nations are already doing so. Russia is pushing for its central bank to consider bitcoin, while countries in the Gulf Cooperation Council are exploring similar options. Bitcoin’s decentralized nature makes it appealing as a hedge against inflation ...
Oil prices surged today following reports suggesting that Iran may be planning to launch an attack on Israel from Iraqi territory in the coming days. This news has refocused market attention on the potential for escalating conflicts in the Middle East.
Oil prices stabilized today after two days of decline, as hopes grow for a reduction in hostilities in the Middle East. The market is now focusing on global supply balances and the production outlook from OPEC+.
China has filed a diplomatic complaint with the US following the latest American arms sales to Taiwan. The Chinese government claims this move escalates tensions in their ongoing dispute over the region and has reserved the right to retaliate.
In a surprising move early Saturday, Israel launched an assault on Iran, focusing on missile and air defense sites. This action, coordinated with Washington, was more restrained than anticipated. Analysts suggest this approach may aid diplomatic efforts to secure the return of hostages and reduce combat in both Lebanon and Gaza.
