Gold prices rose in Asian trading on Thursday, buoyed by a weakening U.S. dollar amid optimism surrounding potential peace talks between Russia and Ukraine. The dollar’s decline was further influenced by U.S. President Donald Trump’s announcement that both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him.
The softer dollar made gold more attractive to investors holding other currencies, contributing to the metal’s price increase. This movement occurred despite higher-than-expected U.S. consumer price index data for January, which typically would support the dollar.
Meanwhile, both China and Russia are facing unprecedented demand. Chinese banks are running out of gold, while Russia’s commercial and sovereign reserves are rapidly being depleted as the two BRICS nations face sky-high domestic buying surges even as prices set new records.
According to local news agency Yicai, the app of Industrial and Commercial Bank of China shows 5, 20, 50, 100, and 200-gram gold bars are out of stock, with only the 10-gram option showing limited availability.
Analysts noted that the anticipation of a resolution to the Russia-Ukraine conflict has improved risk appetite, leading to a shift towards assets like gold. Additionally, the prospect of easing geopolitical tensions has influenced other markets, including oil, which saw price declines as traders considered the potential for increased Russian oil supply if sanctions are lifted.
Overall, the interplay between geopolitical developments and economic indicators continues to shape market dynamics, with investors closely monitoring the situation for further cues. Long-term, gold and silver are considered to be hedges against geopolitical turmoil on the horizon. In the short-term, investors are scrambling to get as much as possible before prices hit key thresholds; $3,000 gold could come this month.
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Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
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Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
