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Brazil Scraps BRICS Currency Plan, Seeks Dollar Alternatives

Brazil has confirmed it won’t pursue a common BRICS currency during its 2024 presidency, despite previous discussions.

Instead, the country is focusing on practical solutions to facilitate trade between BRICS nations using local currencies, while facing strong opposition from the U.S., including threats of 100% tariffs from President Trump.

The expanding BRICS alliance, which recently added six new members including Saudi Arabia and Iran, continues to seek practical alternatives for international trade while maintaining that these efforts aren’t directed against any particular nation.

Original Source: Reuters

Stacked gold bars and scattered gold coins on a dark surface with a blurred financial chart and data table visible on a laptop screen in the background
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The Real Reason Gold Falls When Inflation Surges

April CPI hit 3.8% — and gold dropped. If that feels backwards, it should. Here’s the chain: hot inflation forced traders to reprice the Fed toward rate hikes, which lifted the dollar, which pressured gold. The short-term mechanics and the long-term case are two different things — and today is a perfect illustration of why.

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May 12, 2026
Investor studying a falling gold price chart and a CPI inflation headline — illustrating why gold is down when inflation is high
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CPI Hits 3.8%. Gold Falls. The Mechanism Nobody Explains

April CPI just printed 3.8% — the highest reading since May 2023 — and gold is down anyway. A new hawkish Fed chair takes over Friday, the Strait of Hormuz is still closed, and central banks bought through gold’s entire 16% correction from its January high. Here’s what each of those facts actually means for long-term holders.

Read More »
May 12, 2026

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Stacked gold bars and scattered gold coins on a dark surface with a blurred financial chart and data table visible on a laptop screen in the background
News

The Real Reason Gold Falls When Inflation Surges

April CPI hit 3.8% — and gold dropped. If that feels backwards, it should. Here’s the chain: hot inflation forced traders to reprice the Fed toward rate hikes, which lifted the dollar, which pressured gold. The short-term mechanics and the long-term case are two different things — and today is a perfect illustration of why.

Read More »
May 12, 2026
Investor studying a falling gold price chart and a CPI inflation headline — illustrating why gold is down when inflation is high
News

CPI Hits 3.8%. Gold Falls. The Mechanism Nobody Explains

April CPI just printed 3.8% — the highest reading since May 2023 — and gold is down anyway. A new hawkish Fed chair takes over Friday, the Strait of Hormuz is still closed, and central banks bought through gold’s entire 16% correction from its January high. Here’s what each of those facts actually means for long-term holders.

Read More »
May 12, 2026
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