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BRICS member China is leaving no stone unturned and is selling US dollar-denominated bonds and Treasuries on a larger scale. China has sold nearly $8.2 billion worth of Treasuries in April 2025, according to the latest data released by the the US Treasury Department. The sell-off comes after Trump imposed sweeping tariffs on many countries in early April on Liberation Day. Also Read: China Grants 53 Countries Tariff-Free BRICS Market Access In a BRICS counter-attack measure, China sold the US dollar-denominated bonds and Treasuries trimming their holdings in American assets. The Communist country is cutting ties with America-funneled assets and accumulating gold in its central bank reserves instead. Apart from gold, they are also diversifying reserves with other leading local currencies to end dependency on the US dollar. BRICS: China Cutting Ties With US Dollar Treasuries, Bonds Source: scmp.com Data shows that BRICS member China held $1,350 billion worth of US dollar Treasuries and b...

Amid the ongoing geopolitical tension and market uncertainty, the gold price has reached $3,000, setting a new all-time high amid what has been a record-breaking 2025. Indeed, the asset reached a landmark price of $2,980 early Thursday and has only continued to climb. Now, it has surged in value higher than any point in history. The increase marks the third consecutive day that the yellow metal has increased in price. Moreover, the asset has gained in each of the first three months of the new year, with 2025 proving to be one of the biggest years that gold has ever had. With so much uncertainty abounding the market, it may be poised to continue gaining this year. Source: GoldPrice.org Also Read: Gold Nearing $3,000: Becomes Top Performing Asset in 2025 Gold Sets New All-Time High as It Keeps Climbing in 2025 Since the start of 2025, the finance sector has been embroiled in increased uncertainty. Although the cryptocurrency market is expected to turn around, prices have been stagnant. B...

Although we are just two months into the year, geopolitical tension has reached a fever pitch. With the United States adopting an aggressive economic policy, a host of nations are concerned over a brewing trade war. However, it could work out in their favor, as BRICS may be in trouble with experts projecting a potential tariff-driven US dollar surge. Under the direction of US President Donald Trump, the nation is enacting a host of tariffs through new policy. Indeed, it is not only BRICS, as Mexico and Canada have suffered from the new administration’s effort to balance trade. In turn, it could have a positive effect on the US dollar. Source: NY Post Also Read: BRICS: 3 Nations Invited to 2025 Summit Amid Potential Expansion BRICS and Global Market Could See US Dollar Enjoy Tariff-Driven Surge Since his return to the White House, Donald Trump has sought to do away with decorum and delicacy. In an effort to balance the nation’s international standing, Trump had adopted increa...