UBS predicts a 10% surge in gold prices this year amid speculation about potential rate cuts
Gold prices have the potential to finish the year approximately 10% higher than current levels, according to UBS strategists.
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The BRICS bank is set to unveil bonds denominated in local currencies
The BRICS bank is set to unveil bonds denominated in local currencies, departing from the US dollar, as part of its initiative to enter global markets. This move by the coalition of prominent emerging markets signifies a shift towards making these bonds accessible in local currencies.Read now -
Credit from banks is contracting for the initial time since the Great Recession, signaling a warning sign for the economy.
An important indicator of the economic well-being in the United States has entered negative territoryRead now -
BRICS: The U.S. Dollar Takes the Bottom Spot in the Top 10 Currency Ranking
BRICS, along with several developing nations, seek to remove the U.S. dollar from its position as the global reserve currencyRead now -
Understanding of the distinctions between acquiring physical metals and paper metal products like ETFs.
Many individuals lack an understanding of the distinctions between acquiring physical gold, silver, or other precious metals and investing in paper metal products like gold or silver-based ETFs.Read now -
Buying ETFs are risky for gold and silver vs. actual physical metals
Purchasing a bullion-backed exchange-traded fund (ETF) might seem innocuous at first glance.Read now -
Spain Bank chooses partners to implement CBDC testing
open call for partners to participate in central bank digital currency (CBDC) tests, Spain's central bank, Banco de España, has announced its collaborators. The resolution, published on January 3, reveals partnerships with Cecabank, Abanca, and Adhara Blockchain.Read now -
The Difference between CBDC and Crypto is...
there is an increasing confusion between government-provided CBDCs and market-provided cryptocurrencies. WhileRead now -
Evolution of Central Bank Digital Currencies in 2023: Transitioning from Exploration to Preparation
Central Bank Digital Currencies (CBDCs) remains robust in the latter half of 2023. According to our CBDC tracker, 130 countries, constituting 98 percent of the global GDP, are actively exploring CBDCs.Read now
