Trump blames strong dollar for U.S. economy 'going to hell'
Submitted by admin on Fri, 2024-05-03 23:21 Section: Daily DispatchesBy Chris Matthews
MarketWatch, New York
Friday, May 3, 2024
Donald Trump took aim at the Biden administration's management of the U.S. dollar in a recent interview, once again raising the possibility that, in a second term, he would push policies to weaken the American currency to boost exports.
"Our economy is going to hell. You have to see what's going to happen with the way with the outflow of jobs, with the dollar the way it's situated," he said in a Thursday interview with the local Fox affiliate in Detroit.
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China's economic gambit could nuke Putin's dollar ploy
Submitted by admin on Fri, 2024-05-03 06:19 Section: Daily DispatchesBy Brendan Cole
Newsweek, New York
Friday, May 3, 2024
Economists call it the "nuclear" option but speculation that China might devalue its currency the yuan (RMB) could cause fallout for Russia as President Vladimir Putin pushes to move the global economy away from its reliance on the U.S. dollar.
Barrick Gold is not interested in bidding for Anglo American
Submitted by admin on Thu, 2024-05-02 22:35 Section: Daily DispatchesBy Divya Rajagopal and Felix Njini
Reuters
Wednesday, May 1, 2024
TORONTO -- Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said Wednesday.
If BHP's proposed acquisition of Anglo is successful, it would create one of the world's biggest copper miners.
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Gordon Brown's decision to sell Britain's gold looks ever more disastrous
Submitted by admin on Thu, 2024-05-02 22:27 Section: Daily DispatchesBy Philip Pilkington
The Telegraph, London
Thursday, May 2, 2024
According to the latest estimates, taxpayers will be on the hook to cover L85 billion in losses stemming from the unwinding of the Bank of England's quantitative easing (QE) policy. The scheme is set to lose about L20bn a year until the early 2030s -- a yearly figure worth more than a third of our current defence budget.
China's $170 billion gold rush triggers Taiwan invasion fears
Submitted by admin on Tue, 2024-04-30 13:59 Section: Daily DispatchesBy Melissa Lawford
The Telegraph, London
Tuesday, April 30, 2024
China has built up a $170 billion stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
The People's Bank of China bought 27 tonnes of gold in the first three months of the year, taking its reserves to a record high of 2,262 tonnes, according to data from the World Gold Council.
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Chinese public is buying more than twice as much gold as the nation mines
Submitted by admin on Mon, 2024-04-29 13:29 Section: Daily DispatchesChina's consumers seek security in gold, 'the only safe asset'
By Mia Nulimalmaiti
South China Morning Post, Hong Kong
Monday, April 29, 2024
Chinese consumers are increasing their appetite for gold, seeking to protect their assets amid a volatile stock market, a depreciating yuan, and property doldrums, which analysts said would continue to boost international gold prices coupled with geopolitical uncertainties.
