In this week’s Live from the Vault, Andrew Maguire examines the transformative impact of BRICS’s latest currency initiatives, as the multi-polar alliance positions gold at the heart of international trade, bypassing conventional financial systems.
As the world’s largest economies shift from the dollar, Andrew reveals how central banks are fortifying their reserves with gold and silver to hedge against market instability, setting the stage for substantial impacts on precious metals prices.
Timestamps:
- 00:00 Start
- 02:50 Chart analysis: Andrew’s in-depth overview of the gold and silver markets
- 15:45 Andrews take on the Kazan summit: key elements overlooked by the mainstream
- 32:20 Chart analysis: gold’s massive rally
- 34:05 What’s been misread by analysts trying to downplay BRICSs impact
This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.
Recommended Content
Editors’ Picks
EUR/USD recovers above 1.0550 on renewed US Dollar weakness
EUR/USD rebounds above 1.0550 in the European trading hours on Monday. A positive shift in risk sentiment curbs the safe-haven demand for the US Dollar finds fresh haven, offering some comfort to the pair. amid a data-light calendar.
GBP/USD rebounds toward 1.2800 as risk appetite returns
GBP/USD picks up fresh bids and jumps toward 1.2800 in the European session on Monday. Markets cheer improving risk sentiment as traders shrug off geopolitical risks and reposition ahead of the US inflation test, dragging the US Dollar lower across the board.
Gold price stands firm near $2,650 hurdle; modest USD strength caps the upside
Gold price sticks to its positive bias through the first half of the European session, though it remains below the $2,650-2,655 supply zone and remains confined in a familiar range held over the past two weeks or so. The USNFP report released on Friday reaffirmed bets that the Fed will lower borrowing costs in December.
Pepe meme coin hits new all-time high, with market cap surpassing $11 billion
Pepe (PEPE) soars to a new all-time high (ATH) of $0.0000275 on Monday after an 18% rally over the past week. Rising open interest signals fresh market buying and the technical outlook indicates a potential climb toward $0.0000336.
A big week for central banks
This week’s CPI data will be the last piece of the puzzle before the Fed meets next week. The ECB, BoC, RBA and the SNB will announce their latest policy verdict throughout this week.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.