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00:02:28Gold prices reach record highs amid increasing worldwide demand.
China is on a gold-buying spree. For 18 months, the People's Bank of China has consistently increased its gold reserves, the longest buying streak on record. This strategic decision mirrors a global trend: central banks worldwide, particularly in emerging nations such as China, Turkey, and India, are amassing gold at an unprecedented rate.
#gold #businessnews #goldnewstoday00:02:33After a coup, Ecowas lifted sanctions against Niger in an effort to maintain unity and stability.
The Economic Community of West African States, or ECOWAS, has eased sanctions against Niger in response to a military takeover that raised fears of national disintegration. The regional bloc has established prerequisites for communication and interaction with other nations. The coup that occurred earlier this month resulted in President Mahamadou Issoufou's removal. In reaction to the coup, ECOWAS imposed sanctions on Niger, including border closures and trade suspensions. Although the situation is still precarious, easing the sanctions is a welcome step towards resolving the problem.
#ecowas #niger #sanctions
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