The $10 Trillion Defense Dilemma: Calls for Doubling NATO Defense Spending

Published: Tuesday, 09 April 2024 09:19 | Print | Email
With escalating geopolitical tensions, including a more assertive Russia, instability in the Middle East, and China's military expansion, global defense spending hit a record $2.2 trillion last year. Despite this, experts argue that European Union nations and their allies need to significantly increase their military budgets to meet 21st-century security demands. While political leaders praise progress towards NATO's defense spending goal of 2% of GDP, security officials suggest that spending levels reminiscent of the Cold War era, possibly as high as 4% of GDP, are necessary to fulfill the alliance's strategic objectives.

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Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand

Published: Tuesday, 09 April 2024 09:13 | Print | Email
The price of gold reached a new peak, marking a record high for the eighth straight session, driven by geopolitical tensions and the support from momentum-following funds, trading up 0.7% to $2,354.37 per ounce. This surge reflects the traders' strategy to buy on dips, buoyed by concerns over the Russia/Ukraine conflict and tensions in the Middle East. Despite shifting focus from lower rate cut expectations to concerns over persistent high inflation, gold continues to attract investors seeking a safe haven amidst the uncertainty.

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Gold Hits Another Record, Topping $2,365/oz

Published: Tuesday, 09 April 2024 09:09 | Print | Email
Gold prices soared to a new record, reaching as high as $2,365.35 an ounce, in anticipation of the upcoming US inflation data. This surge, marking an 18% increase since mid-February, reflects investors' expectations that the Federal Reserve might ease interest rates based on the inflation trends. While economists predict a slight cooling off in March’s inflation, which could justify rate cuts, gold's appeal strengthens as lower interest rates make non-yielding assets like gold more attractive. This unexpected rally comes despite diminishing expectations for aggressive rate cuts by the Fed.

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Nasdaq: Where are Precious Metals Prices Heading in Q2?

Published: Monday, 08 April 2024 04:35 | Print | Email
In the first quarter of 2024, the precious metals market showed significant movements with gold hitting new record highs, silver rallying, and platinum and palladium experiencing declines. As we enter the second quarter, the trend appears to be on an upward trajectory, especially for gold and silver, which are leading the bullish momentum. The focus now shifts to the potential directions gold and silver prices could take for the remainder of the year, suggesting continued interest and speculation in these markets.

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