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Germanys construction PMI for November was 45.2, compared to 42.8 in the previous month.On December 4th, the World Gold Council stated that gold experienced a remarkable 2025, hitting over 50 all-time highs and yielding returns exceeding 60%. This performance was supported by a combination of heightened geopolitical and economic uncertainty, a weaker dollar, and positive price momentum. Investors and central banks increased their gold allocations, seeking diversification and stability. Looking ahead to 2026, geopolitical and economic uncertainties will influence golds outlook. Gold prices broadly reflect consensus expectations for the macroeconomy, and if the current situation persists, prices are likely to remain range-bound. However, based on this years performance, 2026 could continue to be surprising. If economic growth slows and interest rates fall further, gold could see modest gains. Gold could perform strongly during a more severe economic downturn characterized by increased global risks. Conversely, if the Trump administrations policies succeed, accelerating economic growth and reducing geopolitical risks could lead to higher interest rates and a stronger dollar, thus pushing down gold prices. Other factors, such as central bank demand and gold recycling trends, could also influence the market. Most importantly, golds role as a source of portfolio diversification and stability remains crucial in a volatile market.ECB Executive Board member Cipollone: We expect the savings rate to decline, and if this does not happen, action will be needed.ECB Executive Board member Cipollone: (When asked if it was too early to announce the end of interest rate cuts) If our assumptions fail to materialize, we will need to take action because there are still many risks ahead.ECB Executive Board member Cipollone: (When asked whether the ECB accepts Japans intervention in the foreign exchange market to support the yens depreciation) We will adhere to the wording on foreign exchange in the G7 communiqué.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

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International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


A global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.

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