The United States Of Austrian Economics

Behind Turkey's Gold Sales: The Biggest Ever Plunge In Foreign Reserves Shortly after the Iran war started, with gold unexpectedly tumbling, we showed that the reason behind gold's paradoxical move - after all, the precious metal has traditionally been a store of value in times of geopolitical stress - was the furious liquidation of gold by emerging markets, in this case Turkey, scrambling to obtain reserve dry powder so Ankara could cover soaring costs of energy imports. And indeed, the latest central bank data showed that Turkey’s foreign reserves had their biggest...

British officials said on Thursday that US troops were injured in a drone attack on a base in Erbil, Iraqi Kurdistan, on Wednesday night, as the Pentagon has not been sharing information about all of the US casualties in the US-Israeli war against Iran. According to The Telegraph, a base housing US and British troops […]

Oil Jumps As Trump Says Mulling Restart Of Project Freedom, Which Could Mean New Hormuz Clashes With Iran Summary Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline. Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands." Saudi Arabia condemns Iran for its latest drone attacks targeting the UAE, Qatar and Kuwait on Sunday. Qatari LNG tanker abruptly U-Turns In Hormuz chokepoint after earlier in weekend an initial one made it...