Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Gold and silver hit fresh record highs on Monday, driven by rising geopolitical tensions off the coast of Venezuela and growing expectations of US interest rate cuts.
Oil is at the center of the Venezuelan economy. It accounts for 95 percent of the country’s export revenues and bankrolls the regime of President Nicolas Maduro.
Venezuela has recently offered India a 30 percent discount on crude oil purchases if the country purchases it using its oil-backed cryptocurrency, the Petro. According to a report published by