UBS has raised its gold forecast after gold prices surged, driven by expectations of Federal Reserve rate cuts and a weakening U.S. dollar.

Peter Schiff cautions against buying U.S. dollars. "An explosive breakout in gold will likely accompany a breakdown in the U.S. dollar,"

China has been actively developing alternative financial institutions to reduce its dependence on US-based organizations like the World Bank and the IMF. This strategic shift aims to enhance China's influence in global financial governance and provide a more diversified financial landscape for developing countries. Two key institutions in this effort are the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB).

In this video, we delve deep into China's strategy to reduce its reliance on Western-led organizations.

A National Bank economist explains why the answer is unclear

Federal Reserve Chairman Jerome Powell and his team had hoped to lower rates in 2024. But sticky inflation, a strong economy, and calendar quirks are thwarting their plans.

The Federal Reserve's decisions about interest rates have significant implications for the entire economy. There is increasing anticipation about the possibility of the Fed reducing interest rates, usually seen as a way to stimulate economic growth and prosperity. However, as the discussion heats up, many experts have noted that the Fed might be using a bait and switch strategy, where the Fed's promises of economic boosting rate cuts may not be what they seem. This unsettling possibility has caused concern in the financial community, leading to scrutiny and skepticism from consumers, businesses, and economic experts.

StatsCan said growth in the first quarter was powered by higher household spending

Does the recent price drop point towards an ominous sign or opportunity?

Citigroup, one of the world's leading banks, has made a shocking announcement about the looming threat of a complete economic collapse. This alarming forecast comes amidst growing concerns over the state of the labor market, which has shown signs of deterioration that could have far-reaching consequences for the nation's economic stability. The warning has prompted governments, corporations, and individuals to prepare for an unprecedented economic calamity.