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Gold Up, Dollar Down, Yields Rising: What Kevin Warsh’s Fed Is Doing to the Reserve Currency
TODAY'S NUMBERS:
$4,388 (gold, per ounce) · 98.6 (dollar index, four-month low) · 4.8% (10-year Treasury yield, highest since 2023). Gold and yields normally move...
Xi’s Global South Tour Signed Zero New Dollars
Coalition-building requires new joint capital committed at the moment of political signaling. Hedging requires only showing up where the money already flows and collecting...
Has India Learned to ‘Manage’ China? Beijing Scholars Debate New Delhi’s Strategy
After SR Talks in Beijing yielded positive eight-point consensus, experts and analysts in India have welcomed the new-found optimism in relations with China. However,...
Why Gold Fell While Central Banks Kept Buying It
Gold used to spike on every Gulf war headline because the same buyers set both its price and its ownership. In 2026 those are...
Is Washington Sacrificing Deterrence on the Korean Peninsula for Diplomacy with Pyongyang?
On August 16, Trump abruptly commanded the Pentagon to “substantially” reduce joint military exercises between the US and South Korea (ROK). The annual Ulchi...
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...
Between Two Niles: What China’s Water Security Endorsement Means for Ethiopia
China’s endorsement of Egypt’s right to protect its water and food security marks a significant diplomatic development in the Grand Ethiopian Renaissance Dam (GERD)...
Is Central Asia Finally Breaking Free from Russia’s Strategic Shadow?
For decades, geography gave Russia an enormous advantage in Central Asia. Much of the region's trade with Europe travelled north through Russian territory, while...
The Atlantic–Pacific Bridge: From Magellan to Panama to a New Era of Connectivity
For centuries, the Atlantic and Pacific Oceans were separated not only by distance but also by geography. Before the construction of the Panama Canal,...
The Malacca Dilemma and China’s Response
The idea of the Malacca Dilemma was first presented in 2003 by Hu Jintao, then China's president, to illustrate a major strategic issue facing...