8 / 38 Relevant items tagged with #Economics

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BRICS Unified Currency Deemed Premature by Russian Official

[Oct 8, 2024 2:30 AM] Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial…

Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar

[Oct 7, 2024 10:30 PM] Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto…

CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

[Sep 28, 2024 2:45 PM] In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures…

Turkey Scraps Planned Crypto Tax, Targets Economic Reforms

[Sep 27, 2024 3:30 AM] Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet Yilmaz. While previously discussed, the plan has been dropped, with the government focusing instead on…

More Analysts Predict Gold Prices Could Reach $3,000 by 2025

[Sep 17, 2024 1:10 PM] The recent surge in gold prices to record highs has made analysts consider that the precious metal could register even higher levels during this and the next year. Some are even predicting that prices might reach the $3,000 mark, driven by even…