In this week’s episode of Live from the Vault, Andrew Maguire uncovers how global central banks are ramping up gold buying while the Fed continues its attempts to suppress gold prices and conceal the true extent of the dollar's depreciation.

The precious metals expert provides an update on the BRICS’ gold-backed token launch and discusses the escalating shift toward de-dollarisation of the global trade, signalling significant changes ahead in the gold and silver markets.

Timestamps

  • 00:00 Start
  • 04:00 The 53rd anniversary of the US leaving the gold standard and the rise of petrodollar
  • 08:49 Tracking BIS efforts to split from the Fed and coordinated gold buying by banks
  • 19:45 Update on the BRICS gold-backed currency progress
  • 24:51 In-depth short-term gold market overview - with charts!

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD challenges YTD tops near 1.1170 on Powell

EUR/USD challenges YTD tops near 1.1170 on Powell

EUR/USD now picks up extra pace and revisits the 1.1170 region after Chief Powell somewhat “confirmed” a rate cut next month at his speech at Jackson Hole.

EUR/USD News

GBP/USD reaches new 2024 highs around 1.3200, Dollar plummets

GBP/USD reaches new 2024 highs around 1.3200, Dollar plummets

The Greenback is now accelerating its decline and flirts with the area of 2024 low as Chair Powell signals that it is time to adjust monetary policy. GBP/USD picks up extra pace and challenges the 1.3200 region, clinching new 2024 peaks at the same time.

GBP/USD News

Gold keeps the bid bias unchanged above $2,500

Gold keeps the bid bias unchanged above $2,500

The precious metal maintains its bullish stance in place on Friday, climbing above the $2,500 mark per ounce troy as Fed’s Powell signals an imminent rate cut.

Gold News

Decentraland price is set for a rally after breaking above the descending trendline

Decentraland price is set for a rally after breaking above the descending trendline

Decentraland (MANA) price broke above the descending trendline and trades up 1.5% as of Friday at $0.291. Additionally, on-chain data support further price gains, as MANA's Exchange Flow Balance shows a negative spike, and the long-to-short ratio stays above one.

Read more

Jerome Powell expected to hint at upcoming interest-rate cut in September

Jerome Powell expected to hint at upcoming interest-rate cut in September

Market participants will closely scrutinize Powell’s speech for any fresh hints on the trajectory of monetary policy, particularly about the magnitude of the Fed’s first interest-rate cut in years.

Read more

Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures