Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create […]
Daily Standup Top Stories China Surpasses Europe in Per Capita Energy Consumption June 30, 2024 Stu Turley China’s energy consumption per capita has surpassed that of Europe, driven by decades of economic growth and infrastructure development. […]
Long, slow erosion of the US dollar’s dominance. China’s renminbi keeps losing ground, many other currencies gain, as does gold. By Wolf Richter for WOLF STREET. The US dollar is still by far the most dominant global reserve […]
Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore […]
Returning to the gold standard would limit the issuance of new currency. There are geopolitical reasons why the US abandoned the gold standard in 1971. Fiat currencies are backed by the interest payments made on […]
As the Chinese accumulate more and more gold, they’re dumping U.S. Treasuries. That raises an important question: who is going to keep funding the federal government’s borrowing spree? China offloaded another $22.7 billion in U.S. Treasuries […]
Pricing power in a market long dominated by Western institutional money is moving East and the implications are profound The gold price has risen to a series of new all-time highs of late, a development […]
Gold extended its rally to a new record high and is now closing in on the $2,200/ounce level after a key US jobs report bolstered expectations that the Federal Reserve will soon cut interest […]
Gold continued its record-setting rally on Wednesday after the US Federal Reserve reiterated the possibility of an interest rate cut some time this year. Spot gold rose another 1.0% to a fresh high of […]
As a London Good Delivery refiner dedicated to continually improving the accountability and transparency of its precious metal sourcing, the Royal Canadian Mint has implemented a distributed ledger technology (DLT) solution that now makes […]
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