Surging Swiss franc may have become a gold proxy, Goldman Sachs says

Surging Swiss franc may have become a gold proxy, Goldman Sachs says

The Swiss franc, which has been in a steep incline against the dollar of late, may be being used as a proxy for gold, according to Goldman Sachs. Gold has rallied in recent weeks following the spiking of geopolitical tensions in the Middle East, instigated by the U.S. killing of top Iranian military commander Qasem … Read more…

French President Emmanuel Macron speaking at the London NATO summit  in December 2019.

France is set to end the use of the CFA franc in West Africa

The ECO is supposed to replace the CFA franc which is currently being used in eight west African countries and six countries in central Africa. During a trip to Ivory Coast on Saturday, in cooperation with eight West African countries — Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, and Togo — Macron announced … Read more…