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39% US Export Tax Sparks Reputation Fears for Swiss Gold Traders

Swiss Gold Industry Opposes Proposed 39% Export Tax on U.S.-Bound Gold Bars Switzerland’s gold sector has publicly rejected a proposal by Swatch CEO Nick Hayek to place a 39% export…

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Treasury’s Bessent Urges BOJ to Hike Rates, Tackle Inflation

U.S. Treasury Secretary Scott Bessent Says Bank of Japan Is “Behind the Curve” on Inflation U.S. Treasury Secretary Scott Bessent sharply criticized the Bank of Japan’s current monetary policy, saying…

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U.S. Gas Prices Fall to 12-Month Low Despite Heat; Storage Up 6%

U.S. Natural Gas Prices Drop Below $2.90/mmBtu, Lowest Since November 2024 U.S. natural gas prices fell below $2.90 per million British thermal units (mmBtu), marking the lowest level recorded since…

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US Dollar Falls to Multi-Week Lows as Fed Cut Nears in September

Dollar Near Multi-Week Lows as Markets Price Fed Cut; Yen Strengthens After Treasury Comments The U.S. dollar remained close to its lowest levels in recent weeks as financial markets moved…

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Kansas City Fed President Urges Steady Rates Amid High Inflation

Kansas City Fed’s Jeffrey Schmid Supports Current Interest Rate Stance as “Exactly Where We Want to Be” Kansas City Federal Reserve President Jeffrey Schmid defended the central bank’s decision to…

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2026 Social Security COLA: Benefits May Increase 2.7%

Social Security COLA 2026 Estimate: What Beneficiaries Should Know The Senior Citizens League has released a new estimate suggesting Social Security beneficiaries could receive a 2.7% cost-of-living adjustment (COLA) for…

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Swiss Gold Traders Reject Swatch CEO Plan Against US Tariffs

Swiss Gold Industry Questions Hayek’s Proposed 39% Export Tax on Gold Bars Switzerland’s gold and precious metals sector has voiced strong skepticism about a proposal by Swatch CEO Nick Hayek…

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Banks Warn Two-Thirds of Tariff Hikes Will Hit Shoppers

Wall Street Economists Say Tariffs Will Drive Up Inflation Despite Cooler CPI Report A recent Consumer Price Index (CPI) report came in cooler than many market participants expected, but leading…

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U.S. Eyes Pakistan’s $6T Mineral Wealth in Economic Partnership

United States and Pakistan Explore Cooperation in Critical Minerals and Hydrocarbons The United States has announced plans to explore new avenues of economic cooperation with Pakistan in the sectors of…

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Bessent Urges 1.5% Rate Cut, Boosting Gold Prices

Gold Prices Edge Higher as Calls for Fed Rate Cuts Strengthen Market Sentiment Gold prices held modest gains after U.S. Treasury Secretary Scott Bessent publicly urged the Federal Reserve to…

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