Global News

BRICS unveils gold-backed reserve challenging US dollar. 41 nations consider gold standard return. US must strengthen economy, engage trade, tech.

This article explores the shift in global gold dynamics, highlighting how Asia is becoming a dominant player in the gold industry. It scrutinizes the various factors contributing to this change, including Asia's rapid economic growth, increased consumption and investment in gold, as well as the region's expanding gold mining and refining operations. The piece offers a comprehensive overview of the present landscape and future implications of this 'Great Gold Migration' for investors and the global gold market as a whole.

US accusations of South Africa supplying arms to Russia send South African Rand to record low. Crisis for President Ramaphosa triggers economic repercussions, impacting stock index and government bond yields.

This article examines the global economic and geopolitical landscape, highlighting declining PMI numbers, stagflation concerns, and mounting geopolitical tensions. It also discusses potential challenges for the US banking sector amid rising interest rates and the implications of increasing central bank gold buying. The article explores the strategies and policy options that the US and other nations may consider to maintain economic stability and national security in this complex environment.

The introduction of the Federal Reserve's instant digital payment system, called FedNow, could potentially lead to the adoption of Central Bank Digital Currencies (CBDCs) in the United States. Although FedNow is not a digital currency, it establishes the required infrastructure for a possible future transition to CBDCs.

Russian President Vladimir Putin's recent announcement that the United States and other Western currencies will inevitably lose their leading position in global cross-border transactions should c...

The Bank of England and HM Treasury have recently announced the launch of the digital pound project, a Central Bank Digital Currency (CBDC), via an official consultation paper. The central bank i...

In 2022, gold demand grew 18% to 4,741 tons, which is the highest level of demand in 11 years according to the World Gold Council. This increase was due to massive central bank purchases, strong ...