The BRICS economic alliance is showing internal divisions over de-dollarization efforts, with India emerging as a key dissenter. Despite the bloc’s long-standing goal to reduce reliance on the US dollar, India’s foreign minister Subrahmanyam Jaishankar has stated they have “no interest” in replacing the dollar for BRICS trade settlements, calling it a “source of international economic stability.” This fracture within BRICS comes amid increased tensions with the West, particularly as President Trump threatens 150% tariffs.

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Oil Crashed 11%. Gold Went Up. That Tells You Everything.
Oil crashed 11% on Friday when Iran reopened the Strait of Hormuz. Gold went up. That rare divergence — oil down, gold up, same catalyst — signals that gold’s rally is driven by monetary forces, not geopolitical ones. The war premium left oil. The monetary premium stayed in gold. Here is what that means for precious metals investors watching the Fed’s next move.




