The BRICS alliance has been increasingly releasing anti-U.S. dollar rhetoric that appears to be a coordinated effort by the economic block to dethrone the dollar as the world’s reserve.
Another day, another all-time high for the yellow metal; price surpasses $2,760 in Tuesday trading.
President Vladimir Putin is keen to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa.
Gold prices show strength by trading flat amid dollar rally while some investors get skittish of momentum change
JP Cortez advocates for gold and silver as a hedge against inflation. He warns of fiat currency dangers and calls for legislative reforms.
Micro-cap Canadian business leader expects institutional demand for gold and junior miners to rise, leading to the next increase in prices
Fed president suggests inflation fight is not over as employment numbers show signs of strengthening; more data due to be released Friday
Despite geopolitical tensions rising massively on Tuesday as Israel performs a ground operation in Lebanon and Iran responds with ballistic missile attack, gold is trading lower.
With US confidence at 103.3, the dollar briefly surged but has since dipped, lifting gold while silver remains steady near $30.
It has been a very good period for wealth in Israel: the average wealth in shekels increased by 142%, and the median by no less than 220%.
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