More: Finance of Geopolitics
The Fed’s First Hike in Three Years: Why the Dollar and Gold Are Rising Together
TODAY'S NUMBERS: 5.00% (US 10-year Treasury yield, first close above that level since 2023) · 99.5 (Dollar Index, its highest in weeks) · $4,300...
China Tightens Capital Controls the Same Week It Calls the Yuan’s Rise “Irreversible”
TODAY'S NUMBERS: $126.4bn (BRI engagement, H1 2026, a record) · 3.1% (yuan's share of global payments, June 2026) · $50,000 (China's unchanged annual FX...
Trump’s Silence on Hormuz Is Now a Fed Problem: What Markets Are Pricing In This Week
TODAY'S NUMBERS: $108 (Brent crude) · 4.98% (US 10-year Treasury yield) · $4,330 (Gold) Oil is pricing a wider Gulf war, yields are pricing...
Institutional Money Is Rushing Into America. Central Banks Are Rushing Into Gold. Both Are Reading the Same Signal
TODAY'S NUMBERS:
4.94% (US 10-year Treasury yield, near a three-year high) · 289 tonnes (record Q2 central-bank gold buying) · $53.9bn (Gulf funds' record H1...
The US Just Bombed Iran’s Shadow Fleet: What Happens to Oil, Banks and the Next Sanctions War?
TODAY'S NUMBERS:
$100 (Brent crude, after Wednesday's tanker strikes) · 4.92% (US 10-year Treasury yield) · $4,440 (gold, per troy ounce)
Oil and yields are climbing...
US-Iran Fire in the Strait of Hormuz: What Happens to Oil, Gold and the Fed’s Next Move
TODAY'S NUMBERS:
$97.19 (Brent crude, a six-week high) · $5.85 (US retail diesel, a record) · 4.79% (US 10-year Treasury yield)
War in the Gulf is...
Norway’s $2.3 Trillion Fund Is Cutting Treasuries. Here’s Who’s Left Holding Washington’s Debt
TODAY’S NUMBERS $80bn (Norway fund’s proposed Treasury cut) · 4.79% (US 10-year Treasury yield) · 289t (record Q2 central-bank gold buying) Sovereign money is...
How Two EU Vetoes Are Quietly Handing Russia a Win in the Sanctions War
TODAY'S NUMBERS
$4,334 (gold, per ounce, near record) · $200bn (Russian reserves frozen at Euroclear) · Sept. 15 (deadline for the EU's Russia sanctions list...
Iran, Oil and a Hawkish Fed: Why the Dollar Is Winning the Week and Losing the Decade
TODAY'S NUMBERS 99.73 Dollar Index (DXY) · 4.81% US 10-year Treasury yield · $4,304 Gold, per ounce All three are rising together — the...
Beijing’s Currency Playbook: Cap the Yuan, Buy the Gold, Build the Pipes Around the Dollar
TODAY’S NUMBERS 6.7828 (Monday’s PBOC yuan fix, near-flat) · 21 (months of PBOC gold buying, a record) · <3% (yuan’s share of SWIFT payments,...