The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported on Wednesday. According to the publication, the ruble has strengthened against the US dollar by more than 11% since the beginning of the year. On the international currency market, the ruble exchange rate…
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Gold prices hit their highest level since May on Monday, hovering above $2,000 per ounce, thanks to a weaker US dollar and speculation that the Federal Reserve’s interest rate hike cycle is over. Spot gold was up 0.6% at $2,012.92 per ounce by 10:19am GMT after hitting its highest level since May 16 at $2,017.82,…
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Washington is reportedly worried that Beijing’s large and high-level delegation could undermine its diplomatic clout US diplomats are scrambling to hold on to their influence in Switzerland, as their Chinese counterparts attempt to woo the country’s top officials during the World Economic Forum in Davos, Politico reported on Monday, citing sources.
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