The Gold Market Shock No One Saw Coming – Russia’s Stunning Return to the U.S. Dollar
From fxempire.com
In what could mark one of the most dramatic pivots in modern monetary history, an internal Kremlin memo reviewed by Bloomberg outlines proposals for Russia to re-embrace the U.S dollar settlement system as part of a sweeping economic partnership with the Trump administration. For a nation that has championed de-dollarization and deepened ties with Beijing, the implications are profound. Markets have taken notice. Gold and Silver erased an eye-watering $1.4 trillion in market value in just 20 minutes on Thursday, before surging back toward the psychologically critical $5,000 an ounce mark within 24 hours. Volatility ...
(full story)