Gold prices are surging, with the SPDR Gold Shares fund (GLD) up 11% in 2025 and 42% over the past year, while gold futures prices are up 10% year-to-date and 36% higher than a year ago. In contrast, the S&P 500 U.S. stock index is up 1.5% this year and 17% over the past year. Investment experts caution against chasing the shiny object, advising investors to follow Warren Buffett’s advice to be cautious when others are greedy and bold when others are fearful.
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Is this still the Asian century?
The concept of an "Asian century" has gained traction, suggesting that Asia will become the new center of global power, driven by the economic growth of China and India. However, internal rivalries, demographic challenges, and the impact of U.S. trade policies under Trump raise doubts about this transition. While some argue that U.S. missteps may accelerate Asia's rise, achieving a truly dominant Asian economy will require significant increases in regional consumption and policy coordination, which...
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