All articles tagged with #global instability
Gold prices have surged dramatically, rising $420 in four weeks to $3,747, signaling deep concerns about the stability of the global order, economic policies, and geopolitical tensions. The rally reflects fears of a breakdown in traditional financial and social norms, making gold a hedge against uncertain and potentially dark future developments, with targets potentially reaching $4,000 or higher.
Bitcoin's halving event is expected to occur this week, with analysts predicting a potential surge in price to as high as $450,000 based on previous cycles. However, global instability, such as tensions between Israel and Iran, may hinder a bull run. The halving will reduce miners' rewards and theoretically increase the coin's value. Despite some analysts' assumptions that the halving won't impact Bitcoin's price this time, others argue that the event's effects are not fully priced in.
Chinese and Russian military officials criticized the United States as an agent of global instability at a military forum in Beijing. Russia's defense minister, Sergei Shoigu, warned of grave consequences over Western involvement in the war in Ukraine, while China's vice chairman of the Central Military Commission, Zhang Youxia, issued oblique criticisms of the United States but expressed willingness to improve military ties. The forum, attended by delegations from over 100 countries, served as a platform for Russia and the United States to win over public opinion in the Global South. The issue of Taiwan was emphasized as a "core interest" for China, with warnings against deliberate provocation.
Israeli writer and historian Yuval Noah Harari has expressed concerns that the Israel-Gaza war could escalate into a wider regional conflict, potentially leading to World War 3. Harari believes that global instability, exacerbated by the COVID-19 pandemic and the war in Ukraine, could spark conditions for a global war. He emphasizes the need to rebuild order and release hostages as a first step towards de-escalation and peace.
African leaders, including South African President Cyril Ramaphosa, met with Russian President Vladimir Putin in St. Petersburg to seek a road to peace in the 16-month-long Ukraine war, which has caused devastating economic impact, loss of life, and global instability. The delegation aims to bring the warring sides to the negotiating table, despite both sides playing down the possibility. The leaders visited Kyiv on Friday to meet Ukrainian President Volodymyr Zelensky, but he rebuffed efforts to bring Kyiv to the negotiating table imminently and ruled out any peace negotiations with Russia until Moscow’s troops withdraw from his country’s territory.