Gold fell 6% on Tuesday, its largest decline since August 2020 and second biggest since 2013. After such a steep ascent - its year-to-date gain last week was almost 70% - the inevitable question now is: correction, or crash?That may reflect over-confidence, or complacency. The mood at the IMF/World Bank meetings in Washington last week was far less upbeat, with the recent escalation around rare earths and 100% tariffs marking a new and worrying phase. Markets are priced for significant de-escalation, and if ...

Contraband is coming into Argentina at historic levels right here at the border with Bolivia. There's been drug trafficking and illegal commerce here for decades, but now the black market is booming while the formal economy in Argentina is in a crisis. This trend is due in large part because of the currency crisis in Bolivia over there and also President Mle's strong grip on the peso in Argentina which investors see as overvalued.It's not just the amount of contraband that's coming into Argentina, but the t ...

A $20 billion lifeline from the US is almost certain to keep Javier Milei from being engulfed by a currency crisis in the runup to key mid-term elections this month. https://t.co/aPDVdEHIkB ...

Economic Impact - Argentina's currency crisis halted mortgage lending, undermining Javier Milei's early successes [1]

The years President Javier Milei spent courting Donald Trump are paying off at a critical moment as he battles Argentina’s latest currency crisis. https://t.co/cMrcT91YLO ...

Policy Change - Turkey officially ended a deposit instrument introduced in December 2021 aimed at supporting the lira [1] Currency Market - The deposit instrument was introduced during a previous currency crisis [1]