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01.05.26 - 22:01
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OPEC Just Signaled A Historic Gold Tailwind (ZeroHedge)
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OPEC Just Signaled A Historic Gold Tailwind
Authored by Matthew Piepenburg via VonGreyerz.gold,
The United Arab Emirates' headline departure from OPEC this week has now made the case for precious metals almost too obvious. In fact, the critical USD-Petrodollar-Gold triangle just sent us one of the most important gold signals in over 50 years.
And for anyone paying attention, this should come as no surprise.
Warnings from 2022
From day one of the 2022 U.S. sanctions against Russia, we argued in “How the West was Lost” that this event marked the greatest macro-economic watershed to hit the world since Nixon decoupled the dollar from gold in 1971.
As of this week, the ripple effects of that warning just grew to wave height.
Back in 2022, we warned that trust in a now weaponized world reserve currency would fall, creating a scenario in which the BRICs+ nations would slowly de-dollarize, thereby weakening the hegemony of the USD in general and the USA in particular.
In the years that imm...
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01.05.26 - 15:30
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Gold Slips Amidst Focus On High Interest Rates (AFX)
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WASHINGTON (dpa-AFX) - Prices of the yellow metal decreased on Friday as markets digested the likelihood of interest rates remaining high for longer than expected, owing to the unresolved geopolit......
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01.05.26 - 07:30
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Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors (SCMP)
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Gold bars, cruises, Dior beauty services and Rosewood Hong Kong vouchers are just some of the incentives Hong Kong's major lenders are offering in hopes of capturing wealthy clients, as visitors from mainland China descend on the city during the golden week holiday starting on Friday.
HSBC, Standard Chartered and Bank of China (Hong Kong) – the city's three biggest banks – Citigroup, DBS Hong Kong, ICBC Asia, Bank of East Asia and Hang Seng Bank have all extended the hours of certain branches on......
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