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Israel's strategic strike on Iran raises stakes in regional conflict
Yemen's Houthis have moved missile-capable units to southern Syria, raising concerns about a potential regional war involving Israel and Iran. Israel has inflicted significant damage on Hamas and Hezbollah, but the high civilian toll in Gaza threatens its Western support. A political strategy is needed to ensure lasting security, as military victories alone may lead to indefinite occupation and instability.
Gold prices soar to record highs amid geopolitical tensions and central bank easing
Gold prices have reached a record high above USD 2,758/oz, marking a 32% increase this year, driven by central bank easing, US election uncertainty, and ongoing geopolitical conflicts. With expectations of further Federal Reserve rate cuts and continued central bank diversification into gold, prices are projected to approach USD 2,850/oz by March 2025. Investors are advised to maintain a diversified portfolio with a 5% allocation to gold, leveraging its hedging qualities amid a declining interest rate environment.
concerns rise over ubss dominance after credit suisse acquisition
UBS's acquisition of Credit Suisse has raised concerns about its dominance in the Swiss banking market, prompting discussions among regulatory authorities, including the Price Supervisor and the Competition Commission. Complaints from the public and businesses regarding potential negative impacts on competition were addressed, although no formal agreements were reached. The authorities emphasized the need for ongoing communication, particularly regarding credit interest rates, while deciding to postpone a proposed Memorandum of Understanding.
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