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UBS Expects Higher Gold Prices as US Dollar Weakens — ‘Gold’s Rally Has Further to Run’
17.9.2024
Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that...
Analyst Claims Saudi Arabia Has Covertly Bought 160 Tonnes of Gold Since 2022
16.9.2024
Jan Nieuwenhuijs, a gold market analyst, claims that Saudi Arabia has been covertly buying gold since 2022, trying to get its hands on physical gold due to its neutral and sanction-proof traits. According to his figures, 160 tonnes have been acquired without disclosure, likely to avoid upsetting...
Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs
9.9.2024
Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff...
Trump family’s DeFi project wants to ‘ensure US dollar dominance’
5.9.2024
The project has teased a partnership and collaboration with DeFi protocol AAVE, possibly indicating World Liberty Financial will be built on the Ethereum blockchain.
Spreading USD-Pegged Stablecoins—Trump-Backed Defi Project Reveals ‘Transformative’ Plans
4.9.2024
Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission...
Payments in National Currencies Surge to 92% Among SCO Members
1.9.2024
Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran...
Former Russian PM: BRICS Not Ready for Common Currency
27.8.2024
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like...
Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse
25.8.2024
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation...
Devere CEO Advises Shifting Away From US Assets as Dollar Weakens
22.8.2024
Nigel Green, CEO of financial advisory and investment management firm Devere Group, has advised investors to reassess portfolios due to the U.S. dollar’s significant drop, which signals a potential shift in market dynamics. The dollar’s decline could present both challenges...
Latin American E-Commerce Giant Mercado Libre Launches U.S. Dollar-Tied Stablecoin
21.8.2024
Customers of Mercado Libre digital bank subsidiary Mercado Pago will be able to buy and sell Meli Dollar with their Brazilian reais balances
Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System
20.8.2024
Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated...
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
16.8.2024
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools...
New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra
13.8.2024
New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected...
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
10.8.2024
Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making it less attractive as a global reserve currency....
Billionaire Mark Cuban Connects Silicon Valley’s Trump Support to Bitcoin
17.7.2024
On Wednesday, billionaire investor Mark Cuban shared on X about Silicon Valley’s growing backing for former President Trump, labeling it a “bitcoin play.” He argued that reduced tax rates and tariffs are likely to boost bitcoin prices. Mark Cuban Calls Silicon Valley’s Support...
Financial Expert’s Contrarian View: Lower Oil Prices, Weaker US Dollar Under Trump
17.7.2024
Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s policies will be deflationary for oil...
Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
8.7.2024
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term
Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years
6.7.2024
The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement, including jail time for up to ten years and hefty fines....
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
5.7.2024
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative...
Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
1.7.2024
Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend