Weekly Headlines
-
China Is Building a Financial System Outside the Dollar
As the U.S. threatens tougher sanctions over China's dealings with Iran, China's alternative payment network is receiving renewed attention. The confrontation highlights a much bigger trend: geopolitical tensions are giving major countries a nudge to reduce their dependence on the U.S. dollar and build financial systems of their own.
-
-
Gold and Silver Add Nearly $5 Trillion as Prices Surge
Gold has climbed roughly 15% in August while silver has surged about 19%, adding an estimated $5 trillion in combined market value. Yahoo Finance points to monetary policy, geopolitical uncertainty and inflation as major drivers, while silver is also benefiting from tight supplies and growing industrial demand.
-
Ray Dalio Warns U.S. Debt Risks Are Growing and Points to Gold
Ray Dalio is warning that America's rising debt burden could bring the U.S. closer to a debt crisis. He says investors may want to diversify away from debt-heavy assets and consider alternatives such as gold.
-
The "Debasement Trade" Is Back
Growing concerns over U.S. debt, borrowing costs and the long-term value of the dollar are reviving what Wall Street calls the "debasement trade." As Americans look for assets that may hold their value outside traditional currencies, gold is once again making the list as a scarce asset that exists outside the traditional financial system.
-
-
30-Year Treasury Yield Hits Highest Level Since 2007
The U.S. 30-year Treasury yield surged above 5.2%, reaching its highest level since 2007 as a global bond sell-off gathered momentum. Rising yields reflect growing pressure from inflation concerns, large deficits, and the continued expansion of government borrowing.
-
Gold Is Back on the Rise And Silver Is Stealing the Show
Gold is gaining momentum again, rising roughly 10% over the past month as investor interest in precious metals picks up. But silver has moved even faster, climbing about 16% in the same period. The article points to growing industrial demand, continued supply constraints, and renewed interest in metals, paying particularly close attention to silver.
-
U.S. Budget Deficit Surges to $432 Billion in July
The U.S. government ran a $432 billion budget deficit in July. The largest monthly shortfall since March 2021. That brings the deficit for the fiscal year to roughly $1.8 trillion with two months still remaining. Persistent deficits mean more government borrowing, which can put upward pressure on interest rates and borrowing costs throughout the economy.