Gold now number two reserve asset in international financial system
A report by the European Central Bank (ECB) issued last week pointed to the growing lack of international confidence in the role of the US dollar as the global reserve…
Federal Reserve holds interest rates steady, lowers forecast to 1 rate cut in 2024
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts this year to one from three previously. The central bank voted…