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Gold and silver surge, on pace for biggest yearly gains since 1979 — Financial Times.


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Kuwait signs $4.1 billion deal with China to build port.


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🐈 Gold hits a new record as BRICS keep accumulating

Gold has broken above $4,400 per ounce, setting a fresh all-time high after a year-long rally.

Rate-cut expectations in the US and rising geopolitical tension matter, but the dominant force behind the move is sustained, price-insensitive buying by BRICS central banks.


What’s really happening

🐈 BRICS and aligned countries are responsible for over 50% of global central-bank gold buying in recent years

🐈 Russia, China, and India together hold more than 5,500 tonnes of gold

🐈 The bloc also controls roughly half of global gold production, led by China and Russia

🐈 Accumulation is driven by diversification away from US Treasuries and sanctions risk

🐈 BRICS are pairing gold buying with new settlement tools and plans for independent pricing infrastructure

Gold is no longer just a hedge. It is becoming a core reserve asset in a gradually shifting, less dollar-centric financial system.


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OpenAI locks in memory supply until 2029

Sources report that OpenAI has effectively reserved up to 40% of the world’s DRAM production. By working directly with Samsung and SK Hynix, the company secures hundreds of thousands of wafers monthly.
This strategy prioritizes AI infrastructure needs and could significantly reduce the availability of low-cost RAM for the broader market.


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Silver prices soar above $70/oz for the first time in history, now up +144% YTD.


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