De-dollarization

Room for more upside in Gold amid geopolitical uncertainty

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Room for more upside in Gold amid geopolitical uncertainty

In October, Comex gold (December) surged by 3.4%, extending its winning streak to four consecutive months and reaching a record high of $2,801.80 per ounce. Meanwhile, in India, MCX gold hit an all-time high of Rs 79,775 per 10 grams, marking its third straight month of gains. This rally in gold has been driven by … Read more

New payment systems could weaken dollar dominance and spike De-dollarization: JP Morgan

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New payment systems could weaken dollar dominance and spike De-dollarization: JP Morgan

The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan. “Some signs of de-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non USD currencies” said the report. This shift reflects a broader trend, as … Read more