Gold purchases from central banks led to last year’s surge, with purchases exceeding 1,000 tons for two consecutive years. Traffic_analyzer | Istock | Getty Images Gold demand hit record highs in 2023 as persistent geopolitical tensions and weakness in China’s economy pushed investors toward the safe haven asset, the World Gold Council said in report. … Read more
Traffic_analyzer | Istock | Getty Images Gold prices notched a new record on Monday for a second day in a row — with spot prices touching $2,100 as the global rush for bullion appears set to continue. Gold prices are on course to hit fresh highs next year and could remain above $2,000 levels, analysts … Read more
Israeli soldiers transfer detained Palestinians out of the Gaza Strip on November 20, 2023, as battles between Israel and the Hamas movement continue. Gil Cohen-magen | AFP | Getty Images Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew of pivotal elections across major … Read more
An F-15E fighter aircraft can carry seven groups of four StormBreaker bombs. Source: Raytheon As the war between Israel and the Hamas militant group ramped up last month, Kenneth Suna took to his investing-focused TikTok account. Suna began a video asking his more than 200,000 followers “if you’re cool with profiting off war,” before adding … Read more
BEIJING (AP) — Russian Defense Minister Sergei Shoigu said Monday the United States is fueling geopolitical tensions to uphold its “hegemony” and warned of the risk of confrontation between major countries. Speaking at a defense forum in Beijing, Shoigu also said the U.S. and its Asia-Pacific allies are undermining stability in the region. “To maintain … Read more
A view from the oil company Tatneft in Tatarstan, Russia on June 04, 2023. Anadolu Agency | Anadolu Agency | Getty Images Oil prices rose more than 5% on Friday as investors remained on edge about escalating geopolitical tensions in the Middle East. International benchmark Brent crude futures with December expiry traded 5.1% higher at … Read more
Artificial Intelligence will have significant impacts on geopolitics and globalization, Ian Bremmer told CNBC. Leigh Vogel | Getty Images Entertainment | Getty Images Artificial Intelligence will have a significant impact on both geopolitics and globalization, according to Ian Bremmer, political scientist and president of the Eurasia Group. “I think that AI is transformative for the … Read more
Touch upon this storyComment ANKARA, Turkey — World leaders congratulated Turkish President Recep Tayyip Erdogan early Monday because the nation’s election board confirmed that the 69-year-old had received a detailed and bitterly fought presidential election, guaranteeing that his divisive tenure at Turkey’s helm would lengthen into a 3rd decade. Erdogan received 52 % of the … Read more