Good Reads
Gold Audit Time
Quick test for you… Name the last U.S. president who let outsiders count the gold at Fort Knox. If you said Trump, Obama, Bush, or Clinton, you’re off by half a century. Gerald Ford was the last one, back in September 1974. The world has had six recessions, four wars, two financial crises, the creation of Bitcoin, and an AI rush since anyone outside the Treasury Department put eyes on America’s gold and counted it. Read on »
Gold at over one-week low
Gold fell to a more than one-week low on Friday, as U.S. Treasury yields and the dollar climbed, while heightening inflation concerns due to the conflict in the Middle East reinforced bets for higher interest rates. Read on »
Trump leaves Beijing with no rare earth deal confirmed
US President Donald Trump left Beijing on Friday without securing a breakthrough agreement on rare earths despite labelling the visit as a “success” and had warm words for his Chinese counterpart Xi Jinping. Rare earths had emerged as one of the most closely watched topics of Trump’s two-day summit in China, as Washington seeks a more reliable access to minerals that are viewed as indispensable to its electric vehicle, semiconductors and defense supply chains. Read on »
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