Gold reached historic records by reaching the barrier of 3017 dollars per ounce
All this affected the financial markets, stock markets, global stocks and even digital currencies that Trump bet on to save the dollar from any collapse in the near future, all of which lost hundreds of billions within weeks, prompting everyone from investors and individuals to go to gold to hedge as a safe haven.
The situation has been further complicated by the gloomy fog and lack of clarity of vision that the focus of the Middle East has been hovering without reaching solutions that radically end the conflicts and are likely to escalate at any time, in addition to the Ukrainian-Russian Focus, which lacks a real vision in ending the conflict radically.
The failure to radically solve political problems exposes it to the risk of escalation again, the combination of economic and political tensions at the same time pushed gold prices to record highs, which will record further rises in the coming period.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Roya News
an hour ago
- Roya News
US Justice Department launches probe into Obama-era Russia intel claims: Reuters
A source reported to Reuters that US Attorney General Pam Bondi has directed federal prosecutors to launch a grand jury investigation into allegations that members of former President Barack Obama's administration manufactured intelligence on Russia's interference in the 2016 elections. The Justice Department said late last month it was forming a strike force to assess claims made by Director of National Intelligence Tulsi Gabbard about "alleged weaponization of the US intelligence community." Republican US President Donald Trump has leaped on comments from Gabbard in which she threatened to refer Obama administration officials to the Justice Department for prosecution over an intelligence assessment of Russian interference. Fox News first reported that Bondi personally ordered an unnamed federal prosecutor to initiate legal proceedings and the prosecutor is expected to present department evidence to a grand jury, which could consider an indictment if the Justice Department pursued a criminal case. The report cited a letter from Bondi and a source. A DOJ spokesperson declined to comment. Referring to the probe in a post on Truth Social, Trump said: "The TRUTH always wins out. This is great news." Last month, Trump accused Obama of treason, alleging, without providing evidence, that the Democrat led an effort to falsely tie him to Russia and undermine his 2016 presidential campaign. Trump won the 2016 election against Democrat Hillary Clinton. A spokesperson for Obama had denounced Trump's claims, saying "these bizarre allegations are ridiculous and a weak attempt at distraction."
Roya News
4 hours ago
- Roya News
US reverses policy to block disaster aid over 'Israel' boycott
The Trump administration on Monday reversed a controversial funding requirement that would have denied disaster preparedness grants to US states and cities that support boycotts of 'Israeli' companies. The Department of Homeland Security (DHS) confirmed that it had removed the earlier condition from its website, which had stated that recipients of certain federal disaster funds must certify they do not 'sever commercial relations specifically with Israeli companies.' The language had appeared in at least 11 grant notices tied to USD 1.9 billion in funding, according to Reuters. These funds, managed by the Federal Emergency Management Agency (FEMA), are crucial for covering expenses like emergency response equipment, salaries of disaster management personnel, and backup power systems. DHS now says that the grants 'remain governed by existing law and policy and not political litmus tests,' according to spokesperson Tricia McLaughlin. The withdrawn provision had sparked backlash for targeting supporters of the Boycott, Divestment, and Sanctions (BDS) movement, a campaign that aims to apply economic pressure on 'Israel' over its treatment of Palestinians. Calls to boycott 'Israel' intensified following its 2023 invasion of Gaza. While the administration has previously sought to penalize institutions it viewed as unsupportive of 'Israel' or insufficiently tough on anti-Semitism, this reversal marks a rare retreat. FEMA's updated guidance now omits the earlier requirement barring states from engaging in what the agency had labeled a 'discriminatory prohibited boycott.'
Roya News
4 hours ago
- Roya News
Trump administration unveils plan to charge visa security deposit up to $15,000
In a controversial move aimed at reducing visa overstays, the Trump administration has unveiled a new pilot program requiring certain foreign visitors to pay bonds of up to USD 15,000 before entering the United States. The initiative, announced Monday by the State Department, will apply to tourists and business travelers from countries with historically high rates of overstaying visas. Under the 12-month trial, visitors from selected nations will be asked to post a bond ranging from USD 5,000 to USD 15,000. The sum would be refunded if the visitor leaves the US on time, but forfeited in cases of overstay. The list of countries included in the program has not yet been released, but officials say it will be determined using data from the Department of Homeland Security. 'This is a key pillar of the Trump administration's foreign policy to protect the United States from the clear national security threat posed by visa overstays and deficient screening and vetting,' the new rule states, as published in the Federal Register. The administration cited 2023 data estimating that more than half a million visitors likely remained in the country past their authorized stay. The initiative also applies to individuals from countries deemed to have inadequate security screening processes and to those who were granted US citizenship through investment programs or without meeting a residency requirement. Consular officers will be responsible for determining whether a visa applicant must pay the bond and, if so, how much. The department says the program is meant to evaluate whether collecting such bonds is feasible in practice, a concept previously dismissed as impractical. The rule is scheduled to take effect on August 20, with participating US airports announced two weeks in advance. A similar bond system had been considered during the first Trump administration but was shelved as international travel plummeted during the COVID-19 pandemic.
