Category: Economy and Business

The recent reopening of the Strait of Hormuz by Iran has seen a significant impact on the global gold prices– nearing a month’s high. The Strait, a strategic waterway that is crucial for global shipping and oil transportation, had been previously closed due to tensions in the Middle East. The Strait’s reopening has eased geopolitical…

On the global economic stage, two significant events unfolded this week: China imposed a new tax policy, seemingly aimed at curbing gold transactions, and the United States declared silver as a ‘critical’ mineral. Notably, despite the announcement of China’s restrictive tax ‘control’, the gold price remained unnerved in international markets. China’s new tax policy appears…