Nov. 23, 2024, 5:43 a.m.

A new era is upon us, and petrodollars are destined to become history

Recently, the spot gold intraday break through 2500 US dollars/ounce, a new record high, while with the easing of the situation in the Middle East, the international oil prices fell again, the same day on the New York Mercantile Exchange in September delivery light crude oil futures prices fell 1.51 US dollars to close at 76.65 US dollars per barrel, down 1.93%.

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Embedded Financial Reset

As shippers and carriers are dealing with unstable spot demand, inflation, and geopolitical tensions at key supply chain points, observers believe it is time for a reset driven by digital innovation.

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Behind the collective decline of the three major US stock indices

On the vast stage of the global financial market, the US stock market has always occupied a central position with its huge scale and far-reaching influence.

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Another record high! Gold topped $2,525

Since August, the price of New York gold master has fluctuated more sharply, from August 1 to August 7, it experienced a decline, the lowest to near $2,400 / ounce, the range fell by more than 2.7%.

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India promotes direct settlement of rupee with dirham and ruble, reducing dependence on dollar

Recently, the Central Bank of India has proposed a new initiative to promote bilateral local currency settlement for trade exchanges with the UAE, which not only marks another important step in India's promotion of the internationalization of the rupee, but also reflects its keen insight and positive response to the profound changes in the current international monetary system.

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Gold bullion tops $1 million for the first time

Gold prices rose solidly ahead of a speech by US Federal Reserve Chairman Jerome Powell this week, with bullion topping US $1 million (S $1.31 million) for the first time.

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The global economic undercurrent behind the high international gold price

Recently, the international gold price has been fluctuating higher, on August 16, the international spot and futures gold prices have hit a record high.

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New Zealand central bank's important decision: first rate cut in four years

On August 14, 2024, the Reserve Bank of New Zealand (RBNZ) made an important decision to cut the benchmark interest rate by 25 basis points to 5.25%.

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Deep considerations behind the Federal Reserve's interest rate cuts

In the current complex and ever-changing global economic landscape, a series of remarkable events are happening, including the possibility of the Federal Reserve cutting interest rates by the end of 2024 and Japan leading the way in selling US bonds, which have sparked widespread attention and deep concerns.

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Interpreting the US CPI data for July And its impact on the world economy

Recently, the latest data released by the Department of Labor is like a clear mirror, vividly reflecting the operation of the US economy.

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