⚖️ The BRICS finance minister and the governor of the central bank have just issued a joint statement expressing concern about unilateral financial sanctions.
The statement was made at a meeting in Jaipur under the chairmanship of India, saying these unilateral actions distort global trade and are inconsistent with WTO rules.
Why is it noteworthy?
Markets believe concerns from BRICS could increase demand for safe-haven assets, especially gold, as geopolitical tensions escalate, alongside upcoming decisions from the Fed and developments in US-China relations and Russia-Ukraine.
In simple terms:
BRICS countries are speaking out together against being subjected to financial sanctions, and this could cause capital to flow toward gold.
#CryptoNews
🔗 Source: Crypto Briefing
⚠️ The information is for reference only and not investment advice. Please do your own research before making a decision (DYOR).
The statement was made at a meeting in Jaipur under the chairmanship of India, saying these unilateral actions distort global trade and are inconsistent with WTO rules.
Why is it noteworthy?
Markets believe concerns from BRICS could increase demand for safe-haven assets, especially gold, as geopolitical tensions escalate, alongside upcoming decisions from the Fed and developments in US-China relations and Russia-Ukraine.
In simple terms:
BRICS countries are speaking out together against being subjected to financial sanctions, and this could cause capital to flow toward gold.
#CryptoNews
🔗 Source: Crypto Briefing
⚠️ The information is for reference only and not investment advice. Please do your own research before making a decision (DYOR).