Brazil Scraps BRICS Currency Plan, Seeks Dollar Alternatives
Brazil has confirmed it won’t pursue a common BRICS currency during its 2024 presidency, despite previous discussions. Instead, the country is focusing on practical solutions to facilitate trade between BRICS nations using local currencies, while facing strong opposition from the U.S., including threats of 100% tariffs from President Trump. The…
As Gold Hits $2,900, Silver Emerges as Smart Alternative
As gold reaches a record $2,900 per ounce, defying traditional market logic about interest rates and dollar strength, silver is emerging as an attractive alternative investment. Unlike gold, which sees only 6% industrial demand, over half of silver consumption comes from industrial applications, particularly in growing sectors like renewable energy,…
As Gold Hits $2,900, Silver Emerges as Smart Alternative
As gold reaches a record $2,900 per ounce, defying traditional market logic about interest rates and dollar strength, silver is emerging as an attractive alternative investment. Unlike gold, which sees only 6% industrial demand, over half of silver consumption comes from industrial applications, particularly in growing sectors like renewable energy,…
Gold Outshines S&P 500, Up 46% in 12-Month Rally
Gold’s impressive 46% rally over the past year has nearly doubled the S&P 500’s returns, vindicating long-term precious metals investors.
Silver Surges Past $33 as Trump’s Trade Policy Sparks Market Anxiety
Precious metals are rallying strongly as investors seek safe havens amid growing trade tensions. Silver has surged to its highest level since October, climbing 3.1% to over $33 per ounce, while gold continues its longest winning streak since August 2020 with seven straight weeks of gains. The surge follows President…
Gold Nears $3,000 Mark in Historic Seven-Week Rally
Gold continued its impressive rally, marking its seventh consecutive weekly gain amid escalating trade war concerns. The precious metal rose 0.3% to $2,936.99 per ounce, bringing its weekly advance to 2.6%. President Trump’s recent call for reciprocal tariffs and ongoing economic uncertainty have strengthened gold’s appeal as a safe-haven asset,…
Gold Nears $3,000 Mark in Historic Seven-Week Rally
Gold continued its impressive rally, marking its seventh consecutive weekly gain amid escalating trade war concerns. The precious metal rose 0.3% to $2,936.99 per ounce, bringing its weekly advance to 2.6%. President Trump’s recent call for reciprocal tariffs and ongoing economic uncertainty have strengthened gold’s appeal as a safe-haven asset,…
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions By Alex Kimani of OilPrice.com Freight rates to ship Russian urals from Baltic ports to India jumped 20% in February to $7 million to $8 million per voyage after the Biden administration imposed harsher sanctions on Russian crude. Russia’s provisional February loading plan for […]
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions By Alex Kimani of OilPrice.com Freight rates to ship Russian urals from Baltic ports to India jumped 20% in February to $7 million to $8 million per voyage after the Biden administration imposed harsher sanctions on Russian crude. Russia’s provisional February loading plan for […]
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions
Shipping Rates Of Russian Crude To India Surge 20% Amid Sanctions By Alex Kimani of OilPrice.com Freight rates to ship Russian urals from Baltic ports to India jumped 20% in February to $7 million to $8 million per voyage after the Biden administration imposed harsher sanctions on Russian crude. Russia’s provisional February loading plan for […]