Central Banks' Gold Rush Intensifies

Published by Julien Chevalier | Mar 26, 2024 | 11521

Gold is attracting growing interest in an international environment marked by multiple challenges and a climate of permanent uncertainty. Progressive de-globalization and contemporary societal aspirations also accentuate the importance of an independent asset, subject to no authority.

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International Growth: The New Asian Dragons

Published by Julien Chevalier | Mar 18, 2024 | 5578

As the world changes, Indonesia, Vietnam, the Philippines and Malaysia (all members of ASEAN) are differentiating themselves. Formerly known as the "Asian Tigers", these four countries are experiencing a veritable economic expansion, and have strong growth levers at their disposal, despite the retur...

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A Brief History of Gold and the World Economy

Published by Julien Chevalier | Feb 21, 2024 | 9110

The history of gold spans several millennia and the entire globe. The cornerstone of civilizations, used as a medium of exchange and then as a standard, gold as a currency helped create trust between individuals. As the heart of the global economy shifted, so did the world's gold reserves.

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The Never-Ending Crisis of U.S. Regional Banks

Published by Julien Chevalier | Feb 6, 2024 | 8142

The banking crisis of spring 2023 was marked, first and foremost, by the failure of three US regional banks. These types of banks, which are all the more vulnerable to market conditions and are not systemic, are still experiencing financial difficulties that could lead to further bankruptcies.

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The New Creditors of Developing Countries

Published by Julien Chevalier | Jan 30, 2024 | 7139

For over half a century, Western financial institutions such as the IMF and the World Bank have played a decisive role in financing developing countries. Growing hostility to these institutions, and the structural reforms they require, have gradually enabled other states and organizations to assert...

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The Interest Rate Revolution

Published by Julien Chevalier | Dec 12, 2023 | 8996

The interest rate hikes implemented by central banks since the resurgence of inflation have appeared to be the norm. However, it is a revolution in the making. After decades of falling rates, they are now rising sharply, raising fears of unprecedented financial and economic risks.

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Economic Outlook on the Israeli-Palestinian Conflict

Published by Julien Chevalier | Nov 1, 2023 | 9292

Escalating geopolitical tensions and the risk of aggravation in the context of the Israeli-Palestinian conflict are adding new challenges to a fragmented world. The international economic and financial system can only emerge from this situation weaker, as inflation persists and growth remains weak....

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Central Banks and Inflation: Where Are We Headed?

Published by Julien Chevalier | Oct 3, 2023 | 8962

As central banks continue their headlong rush to the top, they are faced with a Cornelian dilemma: bring inflation down to 2% at the risk of triggering an unprecedented economic and financial crisis, or allow prices to rise, which would call into question their mandate and lead to social upheaval.

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A Brief History of the Gold Rush

Published by Julien Chevalier | Sep 19, 2023 | 11396

Some people know the story of the Gold Rush from the Charlie Chaplin film, others from TV shows or books of all kinds. At the very least, historians consider this period to be one of the most significant of the 19th century. Both fascinating and structuring, it is particularly revealing of American...

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Weakened Economy, China Looks Beyond Its Borders

Published by Julien Chevalier | Sep 5, 2023 | 11927

It is becoming clearer an clearer that China will not be the leading power in tomorrow's world. Since the pandemic, China's economy and banking sector have been in dire straits. The country is looking for new sources of growth. At the BRICS summit, held in Johannesburg from August 22 to 24, Xi Jinpi...

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Eurozone: Recession and Gloomy Economic Outlook

Published by Julien Chevalier | Jul 3, 2023 | 11816

Contrary to what many economists believed, the eurozone has finally entered into a recession. Rising interest rates and inflation are weighing on households. Consumption is falling. Demand for new loans is contracting sharply, particularly in France. The economic cycle is coming to an end. Like déjà...

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China Makes its Mark on the Gold Market

Published by Julien Chevalier | May 30, 2023 | 18205

For the first time in several years, the People's Bank of China (PBoC) is once again publishing its purchasing data. This change in behavior is not insignificant, and testifies to the country's determination to establish itself as a major player in the gold market.

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