Weekly Headlines
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China's Long Game Against Dollar Dependence
China is taking new steps to expand the global use of its currency and reduce reliance on the U.S. dollar. While the renminbi may not replace the dollar anytime soon, Beijing's latest moves signal a long-term push to build financial alternatives that could reshape global trade, reserves, and America's influence in the world economy.
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Could AI Spending and High Rates Shake the Stock Market?
Even with the U.S. economy showing signs of strength, Wall Street may be facing a more fragile setup. High valuations, rising real interest rates, and heavy AI spending are raising new questions about whether today's market momentum can continue.
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Inflation Risks May Linger Despite Iran War Ending
A top European central banker warned that inflation could remain elevated even after the U.S.-Iran conflict eases. The concern: energy price shocks may still be working through the economy, keeping pressure on central banks, consumers, and markets.
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UBS Sees Gold Reaching $5,200
Gold has pulled back from recent highs, but UBS says the dip may create an opportunity. The bank now sees gold reaching $5,200 over the next 12 months, pointing to future Fed rate cuts, a weaker dollar, and steady central bank demand as potential support.
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Bank of America Sees Gold Reaching $6,000
Bank of America is standing by a bullish outlook for gold, raising its 12-month target to $6,000 per ounce. The bank points to ongoing Fed uncertainty, rising fiscal deficits, strong central bank demand, and low investor allocations as key reasons gold could continue to find support in 2026.
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Central Banks Keep Adding Gold as Demand Hits 59 Tonnes in April
Goldman Sachs estimates that global central banks purchased 59 tonnes of gold in April, with China accounting for roughly 24 tonnes. The continued buying trend, along with a record share of central banks planning to increase gold reserves over the next year, could point to lasting structural support for gold.
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Gold's Pullback Doesn't Change the Bigger Picture
Gold recently pulled back, but Peter Schiff argues this is a buying opportunity and the bigger picture still favors gold, pointing to money supply growth, Fed balance sheet concerns, and ongoing questions about whether policymakers can truly stay hawkish without putting pressure on the broader financial system.