⛏ Gold hits nearly three-week high after U.S.-Iran ceasefire

Gold hits nearly three-week high after U.S.-Iran ceasefire
Gold scaled nearly a three-week peak on Wednesday, as the U.S. dollar ​and oil prices ​fell after Washington and Tehran ​agreed to a two-week truce in their war, calming inflation worries. Spot gold was up 1.6% at $4,779.19 per ounce. Earlier in the session, ⁠bullion ‌rose more than 3% to its highest ⁠since March 19. Read on »

BRICS+ nations hold 17% of gold reserves: report
A new report by EBC Financial Group estimates that the bloc now holds about 6,000 tonnes of the world’s gold reserves or 17% of the global total, up from 11% in 2019. Russia leads the group with 2,336 tonnes, followed closely by China at 2,298 tonnes. The next largest holder is India at 880 tonnes. Read on »

U.S. Debt Just Crossed $39 Trillion
The U.S. has just smashed through another historic fiscal milestone — $39 trillion in national debt. That’s roughly $357,000 for every U.S. taxpayer and nearly $114,000 for every American citizen. Read on »