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News & Articles By Sterling Ashworth
06/04/2026
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By Sterling Ashworth
European Central Bank: Gold Surpasses U.S. Treasuries as Global Reserve Asset
Gold has overtaken U.S. Treasuries as the world’s second-largest reserve asset held by central banks, according to a European Central Bank (ECB) report. Bullion accounted for 27% of global central bank reserve assets at the end of 2025, up from 20% a year earlier, the ECB said. In contrast, U.S. Treasuries fell to 22% from […]
06/02/2026
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By Sterling Ashworth
Gold Drops Nearly 2% as Middle East Tensions Fuel Rate Hike Expectations
Gold fell nearly 2% on Monday – testing the $4,500 per ounce level – according to market data, as renewed U.S. military strikes on Iranian sites intensified expectations that the Federal Reserve will keep interest rates elevated. Three-month futures in New York also dropped, holding just above $4,500 per ounce. Overnight, U.S. forces carried out airstrikes on […]
05/31/2026
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By Sterling Ashworth
Copper Tariff Trade Tightens Global Supply
Traders are once again scouring global markets for copper to ship to the United States, as renewed speculation over import tariffs widens the price spread between New York’s Comex and the London Metal Exchange (LME), according to several industry executives. The revived trade is tightening global availability of the industrial metal, with front-month Comex contracts […]
05/28/2026
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By Sterling Ashworth
Trump Media Transfers Bitcoin to Exchange as Unrealized Losses Reach $455 Million
Trump Media & Technology Group (Nasdaq: DJT) transferred 2,650 Bitcoin worth approximately $205 million to the exchange Crypto.com on May 22, 2026, a move widely interpreted as preparation for a potential sale, according to on-chain data from blockchain analytics firm Lookonchain. The transfer occurred in two transactions originating from wallets labeled as Trump Media accounts […]
05/28/2026
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By Sterling Ashworth
China to Impose Mining Controls on Strategic Minerals Starting June 15
China plans to impose mining controls on certain strategic minerals to ensure supply security and protect finite resources, according to a government notification published by the official Xinhua News Agency. The new rules, which take effect June 15, will allow Beijing to control total output, restrict mining entities, and conduct security reviews on foreign investments […]
05/27/2026
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By Sterling Ashworth
China Added to Oil Stockpiles in April Despite Sharp Import Decline
China likely placed an estimated 430,000 barrels per day (bpd) of crude into strategic and commercial reserves in April, even as its crude imports slumped to the lowest level since July 2022, according to estimates by Reuters columnist Clyde Russell based on official data. [1] Crude imports fell 20% year-on-year to 9.25 million bpd in […]
05/25/2026
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By Sterling Ashworth
U.S. Lawmaker Introduces Bill to Codify Strategic Bitcoin Reserve
Rep. Nick Begich, Republican of Alaska, introduced legislation Thursday to permanently establish a U.S. strategic bitcoin reserve, according to a press release from his office. The bill, titled the American Reserve Modernization Act of 2026 (ARMA), is designed to codify President Donald Trump’s March 2025 executive order and give the reserve a durable legal foundation […]
05/24/2026
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By Sterling Ashworth
Rising Electricity Bills Emerge as Pivotal Issue in 2026 Midterm Elections
Average residential electricity rates increased nearly 13 percent from April 2020 to April 2025, according to the U.S. Energy Information Administration. Since President Donald Trump returned to office in January 2025, rates have climbed an additional 6 percent. The EIA projects another 6 percent increase nationwide in 2026, and economic development finance firm ICF warns […]
05/22/2026
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By Sterling Ashworth
U.S. Imposes Sanctions on Gaza Flotilla Organizers
The U.S. Department of the Treasury (USDT) announced sanctions on Tuesday, May 19, against four individuals linked to recent humanitarian flotillas attempting to reach Gaza. A statement from the USDT’s Office of Foreign Assets Control accused the four individuals of supporting Hamas and undermining peace efforts. As per Brett Wilkins of Common Dreams, the sanctioned individuals […]
05/22/2026
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By Sterling Ashworth
U.K. Eases Some Russian Oil Sanctions as Fuel Prices Soar
The British government on Wednesday, May 20, waived sanctions on imports of diesel and jet fuel processed from Russian-origin crude in third countries, citing spiking fuel prices and supply security concerns, according to officials. Member of Parliament (MP) Dan Tomlinson, Exchequer Secretary to the Treasury, described the measure as “small and specific” and “time-limited,” designed […]
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