Trump's China Comments Send Gold Toward Record Territory
Gold prices climbed toward historic highs, trading near $2,770 per ounce as President Trump’s softened stance on China tariffs triggered a dollar decline. In a Fox News interview, Trump expressed reluctance to impose levies on China, causing the dollar to drop 0.7% and making gold more attractive to international buyers. The precious metal has gained […]
Incrementum: Gold/Ski Pass Ratio Hits All-Time High in 2024
The 2024/25 ski season marks a historic moment for the gold/ski pass ratio, with one ounce of gold now buying 35.2 day passes, up 27.5% from last year’s 27.6 passes. While ski pass prices continued their above-inflation trend with a 6% increase, gold’s 35.6% surge in 2024 has made skiing remarkably affordable for gold investors. […]
Nigeria's Currency Reform Creates Investment Opening, Says Bank Chief
Nigerian Central Bank Governor Cardoso is promoting investment opportunities created by recent currency reforms, which led to a 41% naira depreciation in 2023. Since his appointment in September 2023, the central bank has implemented aggressive measures including an 875 basis point rate hike to 27.5%, cleared forex backlogs, and restructured exchange rate policies. These reforms […]
Gold Rises to 4-Month High on Trump Trade Tensions
Gold prices climbed to four-month highs, reaching $2,757.10 as investors digest President Trump’s widening trade threats against China and the EU, following similar measures targeting Canada and Mexico. The precious metal’s rally reflects growing safe-haven demand amid concerns that Trump’s trade and immigration policies could reignite inflation and complicate the Fed’s monetary easing strategy. Gold’s […]
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 […]