Turkish Bank Changes Course on Inflation Metrics, Cuts Rates
Turkey’s central bank delivered another 250 basis point cut to its key interest rate, lowering it to 45% while signaling more reductions ahead. The bank altered its policy framework by removing monthly inflation metrics from its decision-making criteria, focusing instead on expected and realized inflation trends. Despite inflation running at 44.4% in December, markets project […]
Gold Retreats from 3-Month High as Trump's Trade Policies Take Shape
Gold prices pulled back 0.4% to $2,744.49/oz following a three-month peak, with technical indicators suggesting an overbought position as the RSI reaches 64. Markets are digesting President Trump’s proposed tariffs – 25% on Canada and Mexico, 10% on China, and potential levies on European imports starting February 1. The precious metal’s trajectory toward $3,000 remains […]
Gold Rally Pauses as Markets Eye US Jobs Data, Trade Policy
Gold prices pulled back marginally from recent highs but maintain strong momentum, trading at $2,750/oz – just $40 shy of all-time records and on track for a fourth consecutive weekly gain. Investors are closely monitoring President Trump’s proposed trade tariffs targeting major trading partners, while also awaiting US jobless claims data for insights into the […]
Gold In 2025: After The Rally Is Before The Rally
Gold In 2025: After The Rally Is Before The Rally Authored by Ronnie Stoeferle via ConGreyerz.gold, 2024 was an eventful year in politics. Around half of the world’s population was called to the polls for presidential or parliamentary elections. For the first time in the history of Western democracies, every governing party lost support in […]
Germany’s Outgoing Economy Minister Warns Europe Not To Over-Rely On US Energy
Germany’s Outgoing Economy Minister Warns Europe Not To Over-Rely On US Energy Authored by Tom Ozimek via The Epoch Times, Europe must avoid becoming too dependent on U.S. energy supplies, Germany’s outgoing economy minister Robert Habeck cautioned on Jan. 21, which comes amid President Donald Trump’s demands that the European Union (EU) buy enough American […]
BRICS Expands Footprint In The Global South
BRICS Expands Footprint In The Global South Indonesia was admitted as a full member of the BRICS group of major emerging economies on January 6, 2025. As Statista’s Felix Richter shows in the following chart, the bloc’s footprint in the Global South has continued to expand, growing its economic and political clout on the world […]
How To Stop The BRICS Nations From Abandoning The Dollar
How To Stop The BRICS Nations From Abandoning The Dollar Authored by Patrick Barron via The Mises Institute, The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses the dollar. These nations have been driven […]
Gold Breaks Free: Technical Breakout Targets $2,800
Gold has emerged from its December wedge pattern with strong bullish momentum following the U.S. presidential transition. The precious metal has decisively broken above significant resistance at $2,721, marking an end to its recent period of indecision and stagnation. Technical analysis, supported by MACD momentum indicators, suggests a healthy uptrend with $2,800 as the next […]
TikTok Owner ByteDance Plans $12 Billion AI Chip Investing Spree; Trump Unveils “Stargate” Project
TikTok Owner ByteDance Plans $12 Billion AI Chip Investing Spree; Trump Unveils “Stargate” Project Shortly after President Donald Trump revealed the “Stargate” project—a joint venture between OpenAI, Softbank, and Oracle aimed at investing tens of billions of dollars to bolster America’s artificial intelligence infrastructure—a new report from the Financial Times stated that ByteDance, the owner of TikTok, […]
Dollar Weakness Propels Gold Toward $2,800 Milestone
Gold prices are approaching record highs as markets react positively to President Trump’s measured approach to tariffs in his first days in office. Despite campaign promises, Trump’s first 24 hours in office have been marked by a more gradual approach to tariffs, with targeted threats rather than immediate universal implementation. This measured stance has weakened […]