Central banks and governments around the world have been implementing expansionary monetary policies, including quantitative easing and low-interest rate policies, to stimulate economic growth. These measures have led to concerns about potential inflationary pressures in the future, which could erode the purchasing power of fiat currencies. As a tangible asset with intrinsic value, gold has been considered a potential safeguard against inflation, as its price has historically tended to rise during times of inflationary pressures.

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  • Turkish Investors Turn to Gold as Safe Haven April 24, 2024
    In response to escalating Middle East tensions, Turkish investors like Faruk Mutlu are increasingly turning to gold as a safe investment. At a bustling jewelry store in Istanbul, Mutlu exchanged his savings for gold, citing its enduring value. The recent geopolitical instability, particularly the conflict between Israel and Iran, has fueled speculation about rising gold […]
  • Steps Toward De-Dollarization in Zimbabwe April 24, 2024
    Vice President Constantino Chiwenga stated that Zimbabwe’s new currency, the ZiG, marks a significant move toward phasing out the US dollar in the national economy. Introduced on April 5 as a replacement for the unstable Zimbabwean dollar, the ZiG aims to restore monetary sovereignty in a country where over 80% of transactions are currently conducted […]
  • Stocks and Bonds Retreat as Investors Brace for Economic Indicators April 24, 2024
    As Wall Street anticipates key economic data, both stocks and bonds saw declines, affecting market sentiments about the Federal Reserve's forthcoming actions. After a notable two-month high, equities found it challenging to advance, with investors eyeing results from Meta Platforms Inc. In contrast, Tesla Inc. saw an 11% rise after Elon Musk announced plans for […]
  • Gold Prices Hold Steady, Awaiting U.S. Data for Fed Rate Clues April 24, 2024
    Gold prices remained stable on Wednesday, recovering from recent lows as tensions in the Middle East subsided. Investors are now focusing on upcoming U.S. economic data, expected later this week, which may influence the Federal Reserve's interest rate decisions. Spot gold hovered at $2,322.09 per ounce as of 1:45 p.m. ET, with U.S. gold futures […]
  • U.S. Strategizes Financial Blockade on Chinese Banks Over Russia Support April 24, 2024
    The U.S. is preparing sanctions that could disconnect certain Chinese banks from the global financial system. This move aims to equip Washington's top diplomat with the leverage needed to curb Beijing's financial support for Russia's military efforts. As Secretary of State Antony Blinken visits Beijing this Tuesday, there are growing questions about whether the U.S.'s […]