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  • Market Cap: $2,407,087,163,783.41
  • 24h Vol: $55,445,170,526.62
  • BTC Dominance: 56.57%

Crude Oil

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Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

Leave a Comment / Bitcoin, Bloomberg Intelligence, China economic slowdown, Cold War 2.0, commodities, Copper, Crude Oil, Crypto Hacked, Cryptocurrency, Economics, Ethereum, Federal Reserve, geopolitical tensions, gold, Hedge Funds, Mike McGlone / / / , , , , , , , , , , ,

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

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Nigerian Forex Inflows: ‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022

Leave a Comment / Africa, Bitcoin, Crude Oil, Crypto Hacked, Cryptocurrency, dollar exchange rate, Ethereum, foreign direct investment, forex supply, KPMG / / / , , , , ,

Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle to keep the naira to the dollar exchange rate

Nigerian Forex Inflows: ‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022 Read More »

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India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

Leave a Comment / banking sources, Bitcoin, BRICS Nations, Crude Oil, Crypto Hacked, Cryptocurrency, Currency Exchange, Daniel Ahn, discounted prices, economic power, Economic sanctions, Economics, emerging economies, energy markets, energy security, Ethereum, European petrol stations, financial transactions, Foreign Policy, former chief economist, geopolitical risks, global oil trade, India, international oil trade, non-US denominated fiat currencies, oil deals, oil traders, reserve currency, Russia, trade agreements, transitory gains, UAE dirham, United Arab Emirates, US Dollar, US State Department, western sanctions / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S.

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