Gold rush – price of a single bar soars above £1million

Dollar’s role as global reserve currency under fire

This week the Financial Times ran a major article headlined “Is the world losing faith in the almighty US dollar?” The answer, in the wake of the fall in the dollar’s value in the midst of the turmoil unleashed by Trump’s tariff war was that it is.

The Global Safe Haven Is Slowly Breaking: Why Central Banks Are Turning To Gold - Nemos News Network

Authored by Alex Deluce via GoldTelegraph.com, The global financial system is not just shifting, it is starting to breakdown. On April 1st, I wrote: “The erosion of trust: the times are changing.” That warning has since become a headline. What was once dismissed as contrarian commentary by many is now being echoed by mainstream media across the world: the dollar’s role as the global reserve currency is no longer unquestioned. For years, I’ve doc…

Gold rush – price of a single bar soars above £1million

The price of gold has smashed through the £1million barrier for the first time in history, as rattled investors scramble for safety amid growing fears over Donald Trump’s trade war with China. The soaring demand for the precious metal – long considered a safe haven in times of crisis – has pushed the price to an all-time high of £2,540 per troy ounce before retreating slightly to £2,504. With a standard 400-ounce bar now worth as much as £1.02mi…

RBI's gold reserves surge amid global price rally, geopolitical uncertainty

Mumbai, April 19: The Reserve Bank of India (RBI) reported a significant increase in the value of its gold reserves for the week ending April 11, reflecting a global uptrend in gold prices.According to data released by the central bank on Friday, the value of RBI’s gold holdings rose sharply by ₹11,986 crore during the week, bringing the total to ₹6,88,496 crore. Over the past year, the value of these holdings has nearly tripled, indicating robu…

The Global Safe Haven Is Slowly Breaking: Why Central Banks Are Turning to Gold

The global financial system is not just shifting, it is starting to breakdown.On April 1st, I wrote: “The erosion of trust: the times are changing.”That warning has since become a headline. What was once dismissed as contrarian commentary by many is now being echoed by mainstream media across the world: the dollar’s role as the global reserve currency is no longer unquestioned.For years, I’ve documented the growing dangers of the West’s overreli…

The euro is re-emerging as the great winner of Donald Trump’s trade war. The EU currency has been strengthened at lightning speed in the heat of the loss of confidence in the green banknote, and remains the only key successor to replace the world’s reference currency. The EU currency has been strengthened to peak in three years and is close to reaching 1.20 against the dollar, while global markets are beginning to question the role of the US cur…