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Gold Surpasses Euro as World’s #2 Reserve Asset Amid Central Bank Surge
Gold has surpassed the euro as the world’s second-largest reserve asset, comprising 20% of central bank holdings compared to the European currency’s 16%. This systemic shift is reflective of an evolving global financial landscape as governments grow skeptical of fiat currencies and an interconnected economy. Central banks have doubled their annual gold consumption since 2022 following the Russian invasion of Ukraine and the subsequent economic fallout. Beyond merely protecting against financial instability, gold’s rising share of global reserves is the result of a movement away from the Western-led global ... (full story)
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From msn.com|Jul 9, 2025Gold held steady after the latest Federal Reserve minutes showed officials are divided over the outlook for interest rates. Bullion traded around $3,313.56 an ounce as of 2:24 ...
From @realDonaldTrump|Jul 9, 2025|15 comments
I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT. Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many. Copper is the second most used material by the Department of Defense! Why did our foolish (and SLEEPY!) “Leaders” decimate this important Industry? This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity. America will, once again, build a DOMINANT Copper Industry. THIS IS, AFTER ALL, OUR GOLDEN AGE!
From kitco.com|Jul 9, 2025The silver market continues to consolidate above $36 an ounce as the precious metal has seen unprecedented investment demand through the first half of 2025. The gray metal is ...
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From channelnewsasia.com|Jul 9, 2025|9 commentsUS President Donald Trump turned his trade ire against Brazil on Wednesday (Jul 9), threatening Latin America's largest economy with a punitive 50 per cent tariff on exports to ...
From morningstar.com|Jul 9, 2025Copper futures ease back after ending at a record high Tuesday. President Donald Trump mentioned Tuesday - almost in passing - that he planned to impose a 50% tariff on copper ...
From k2radio.com|Jul 9, 2025Ramaco Inc. and Ramaco Rare Earth, LLC, are hosting a landmark ribbon cutting and groundbreaking ceremony on Friday to commemorate the opening of the Brook Mine Carbon Ore Rare ...
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- Jul 9, 2025 8:50pm Posted byFundamental Analysis268
