The 2026 FIFA World Cup trophy's raw gold value has surged to $713,000, a 157% increase from 2022, driven by a historic rally in gold prices. The trophy, made of 4.93kg of pure gold, reflects broader commodity market trends and investor demand for safe-haven assets.
Former Trump intelligence official Amaryllis Fox Kennedy revealed she resigned due to concerns over the CIA's unsupervised movement of gold bullion and taxpayer funds, not family finances. She cited a lack of oversight and potential 'weaponization' of security services.
A recent 15% hike in India's gold import duty has led to a surge in smuggling, with illicit gold sold at discounts of up to Rs 10 lakh per kg. This creates a significant price gap, incentivizing grey market operators and mirroring a similar trend seen in 2013.
India has restricted silver imports, requiring a government license, as part of broader measures to regulate bullion inflows and ease pressure on its external sector. This follows recent caps on gold imports and stricter compliance for the gems and jewellery industry.
After two years in parliament, Reform UK leader has brought in £2m on top of his Commons salaryNigel Farage’s income since being elected MP has hit £2m, analysis shows“There’s no money in politics,” Nigel Farage complained almost a decade ago, describing himself as “53, separated and skint”.He has since proved himself wrong. After two years in parliament, Farage has brought in £2m, including hospitality, through speeches, presenting, writing news articles, promoting gold bullion – and even recording modestly priced Cameo clips for his fans. It seems that every £70 video counts when it comes to making cash. Continue reading...
Reform UK leader has registered wide range of financial interests on top of his Commons salary since July 2024Cameo, speeches, pushing gold bullion: how Farage has made millions since becoming an MPNigel Farage’s income since he was elected as an MP has now reached £2m on top of his parliamentary salary, analysis of the register of MPs has shown.Farage’s earning power sets him alongside a small number of MPs who have been able to leverage their status for external income alongside their day jobs – drawing comparisons to Boris Johnson, who made about £5m on top of his MP’s salary in the six months after he resigned as prime minister. Continue reading...
Tether’s XAUt tops $3.3 billion as gold reserves reach 154 tons, with demand rising amid geopolitical tensions and shifting expectations for Federal Reserve policy.
The US-Israeli war on Iran has unleashed sharp swings across global energy and financial markets, fuelling demand for safe-haven assets, with Hong Kong emerging as a potential beneficiary across gold, property and capital markets. In the first of a three-part series, we examine Hong Kong’s bid to position itself as Asia’s bullion hub. War in the Middle East has intensified global demand to diversify gold storage, creating a strategic window for Hong Kong to tap its unique status and evolve from...
