World

World 24h: Reasons for gold price recovery

World 24h: Reasons for gold price recovery

|

Latest world news May 1: World gold prices rise, Russia participates in negotiations on a plan to remove uranium from Iran;...

US forces landing on the oil tanker Majestic X in the Indian Ocean. Source: US Department of War

US launches process to confiscate Iranian oil tanker

|

The US is seeking to confiscate two oil tankers linked to Iran, which were seized by the navy during the blockade of the Strait of Hormuz.

A oil tanker in Venezuelan waters on March 29. Photo: AFP

Venezuela signs oil and gas agreement with US companies

|

The new agreements mark the sign of thawing relations between Venezuela and the US in the energy sector.

The conflict in Iran, which is said to have boosted about 70% of the volume of goods that have passed through the Red Sea, has been redirected to the Cape of Good Hope in southern South Africa. Photo: AFP

Iranian conflict pushes Africa into the focus of new sea routes

|

The Iranian conflict has caused the global supply chain to fluctuate, forcing cargo ships to divert to Africa and alternative routes.

World gold prices are forecast to increase to 8,000 USD/ounce. Photo: AFP

Gold prices are forecast to benefit significantly in the wave of dedollarization

|

Gold prices are forecast to benefit significantly as countries continue to shift to gold hoarding and reduce dependence on the USD.