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currency fluctuations
Business / 31 weeks ago
Global trade imbalance: Top 10 countries with the highest trade deficits in 2023
In 2023, the global economy saw an intensified shift in trade patterns, reflecting evolving consumer behavior, geopolitical tensions, and supply chain reconfigurations. At the forefront of this imbalance stood the United States, registering the world’s most significant trade deficit at $1.1 trillion, according to the latest figures available as of March 2025.
Business / 49 weeks ago
Central banks turn to gold as global volatility rises
As economic uncertainty and geopolitical tensions intensify, central banks worldwide increasingly turn to gold as a financial safeguard. Gold reserves, seen as a stable and reliable anchor, have become an essential part of the government's strategies to ensure fiscal security. These reserves act as a tangible backstop for national wealth, insulating economies from currency fluctuations and rising inflation. Recent research by the World Gold Council reveals significant increases in gold holdings by several countries, reflecting their proactive approach to economic stability. China has emerged as a leading buyer, maintaining a 15-month streak of gold purchases. This move aligns with Beijing's broader efforts to diversify its foreign exchange reserves and reduce reliance on the U.S. dollar. With global trade dynamics shifting and geopolitical risks on the rise, China's aggressive accumulation of gold underscores its commitment to securing its economy against external shocks.
