Iran, protest and Currency
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Mundada pointed to expectations of further Federal Reserve interest rate cuts in 2026, geopolitical turmoil, and de-dollarization as central banks diversify reserves away from the U.S. dollar—"We are transitioning into a new, multipolar monetary era," Mundada wrote.
With two live armed conflicts over oil, weakness in the dollar, and Bitcoin off the menu for anxious investors, gold is the beneficiary, analysts said in emails sent to Fortune.
Federal prosecutors in Manhattan unsealed an indictment on Wednesday charging executives of bankrupt Tricolor with systematically defrauding creditors ahead of the subprime lender's billion-dollar collapse.