"Gold has been on a tear as the dollar is under pressure, raising questions about global confidence and market risk. The US economy and markets are unmatched in size. The dollar is the king of currencies, and US treasuries are often considered a safe-haven asset. But, investors appear to be reassessing that. This has weighed down on the greenback and cooled the stock markets."
"A big winner is gold, which soared to record prices exactly what the metal tends to do in times of uncertainty. Moves in the price of the greenback ripple across the global economy. And India strikes trade deals with the US and EU. Plus, why is the UN at risk of financial collapse?"
The US economy and markets remain unmatched in size, with the dollar traditionally dominant and US Treasuries considered safe-haven assets. Investors are reassessing the dollar and Treasury safe-haven status, placing downward pressure on the greenback and cooling stock markets. Gold has surged to record prices as the metal typically rises during heightened uncertainty, emerging as a big winner. Dollar moves ripple across the global economy, affecting trade, capital flows, and emerging market stability. India has signed trade deals with the US and EU, and the United Nations faces a risk of financial collapse.
Read at www.aljazeera.com
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