BRICS nations are quietly reshaping the global financial landscape by strengthening their grip on gold reserves and reducing long-term dependence on the US dollar. While official data shows BRICS members holding around 20% of global gold reserves, the bloc and its closely aligned partners now account for nearly 50% of…
Tag: #USDollar
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Gold’s Appeal Grows with Fed Rate Cut Hopes and Dollar Softness
Gold prices edged higher on Friday, supported by a softer U.S. dollar and rising market expectations that the Federal Reserve will cut interest rates again before the year ends. The move reinforced gold’s traditional status as a safe-haven asset amid economic uncertainty. At 13:15 GMT, spot gold climbed 0.5% to…
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EUR/USD Holds Above 1.1600 Despite French Political Turmoil
London, October 13, 2025: The EUR/USD pair traded with mild losses around 1.1620 in early European hours on Monday, maintaining a cautiously bullish tone above the key 1.1600 level. Market sentiment remains shaped by hopes of progress in the US–China trade dialogue and growing political uncertainty in France, both influencing…