Gold prices were trading lower on Friday, all set to register the fourth consecutive week of decline amidst a rise in the U.S. dollar and the Federal Reserve raising key interest rates. Gold futures were trading in the red at $1,813 per ounce as of May 13, 14:11 UTC, at which time the U.S. dollar…
Analysts Expect Dollar to Remain Strong Over Next 6 Months, Fed Raises Interest Rates
The U.S. dollar is expected to retain much of its recent gains for at least the next six months according to a recent Reuters poll of foreign exchange strategists, which also predicted the currency weakening in a year. The dollar index has risen by more than 14 percent since the beginning of 2021, with about…
US Dollar Risks Mount As Threats to Market Dominance Grow
Risks for the U.S. dollar are mounting, leaving some market analysts determining if the greenback hegemony is coming to an end or merely facing hurdles that the currency will eventually overcome. For now, the consensus is that the dollar is still king, but multiple threats are forming that could undermine the buck’s dominance in global…
Is US Dollar Under Attack?
Potential efforts to assist Russia to sell its oil and dodge Western sanctions have prompted fears about the survival of the global economic order. Some wonder if China and Russia’s continuous de-dollarization drive will expand, putting the U.S. dollar’s hegemony in the global financial system in jeopardy. For over a decade, China and Russia have…
Is the US Dollar Under Attack?
Potential efforts to assist Russia to sell its oil and dodge Western sanctions have prompted fears about the survival of the global economic order. Some wonder if China and Russia’s continuous de-dollarization drive will expand, putting the U.S. dollar’s hegemony in the global financial system in jeopardy. For over a decade, China and Russia have…
What Is the Biggest Threat to the US Dollar?
Commentary In case you hadn’t noticed, we’ve entered a rather unstable period in the world. Russia’s war in Ukraine, rumors of war between China and Taiwan, and the tenuous nuclear situation involving Iran and Israel are just a few of the many uncertainties in the world today. In light of this rising uncertainty, many have…
Report: Saudi Arabia Considers Dumping Dollars for Yuan for Chinese Oil Sales
March 16, 2022
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Saudi Arabia is considering a plan to accept the Chinese yuan instead of U.S. dollars to settle crude oil sales to Beijing, The Wall Street Journal reported. The Kingdom is reportedly in active discussions with China to price at least a portion of its oil sales to the world’s second-largest economy in yuan. In addition,…
Dollar Firms as Oil Prices Moderate, Taking Momentum From Euro
March 16, 2022
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NEW YORK—The U.S. dollar index recovered after falling on Tuesday as volatile oil prices impacted the euro and markets grappled with the significance of talks between Russia and Ukraine and indications that COVID-19 lockdowns will crimp economic growth in China. The dollar index against major currencies was up less than 0.1 percent in the New…
Russia Bars Citizens From Buying US Dollars, People Encouraged to Invest in Gold
March 9, 2022
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Business & EconomyEuropegold depositsMarketsRussia Ukraine invasionRussia-Ukraine Warthe battered rubleU.S. dollarWorld
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Russia has banned citizens from using rubles to buy U.S. dollars or other hard currencies for a period of six months as the currency spirals into a free fall following Moscow’s war with Ukraine. Banks have been prohibited from selling cash to citizens during this period. However, people can exchange any currency for rubles, any…
Government’s Sinister Gold Agenda
Sponsored Content There’s this misguided notion often parroted in the sound money community that the government hates gold. If you’re a gold investor, you’ve probably heard it. But have you ever stopped to question it? If you did, you would soon realize that the thesis is a bit too simplistic to the point of being…
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