Investing in Currencies

In August last year the BRICS summit convened in Johannesburg. Six new members (Iran, Saudi Arabia, Egypt, Argentina, the UAE and Ethiopia) joined the existing five members (Brazil, Russia, India, China and South Africa), and the group now accounts for almost half the world’s population.It is the latest challenge to the unipolar world, dominated by the US, that has existed since the second world war. The rules under which most of the world’s monetary systems operate were established by the 44 allied nations at Bretton Woods in 1944.These rules have been in place,...

Investing.com-- Gold prices steadied near a two-week high on Friday, crossing key levels as unwavering bets on interest rate cuts by the Federal Reserve weighed on the dollar, with nonfarm payrolls data due later in the day set to provide more cues.  The yellow metal largely brushed off signals from the Fed that interest rate cuts will come later than expected this year, instead capitalizing on losses in the and moving closer towards 2024 peaks.  But gains in gold prices cooled on Friday as markets hunkered down before the payrolls...

Investing.com-- Gold prices steadied near a two-week high on Friday, crossing key levels as unwavering bets on interest rate cuts by the Federal Reserve weighed on the dollar, with nonfarm payrolls data due later in the day set to provide more cues.  The yellow metal largely brushed off signals from the Fed that interest rate cuts will come later than expected this year, instead capitalizing on losses in the and moving closer towards 2024 peaks.  But gains in gold prices cooled on Friday as markets hunkered down before the payrolls...