3.5.25 - Gold Remains Well Supported as Central Banks Continue To Buy

3.5.25 - Gold Remains Well Supported as Central Banks Continue To Buy

Gold last traded at $2,919 an ounce. Silver at $32.67 an ounce.

BRICS: 3 Nations Invited to 2025 Summit Amid Potential Expansion -Watcher.Guru

The tariff threats don't seem to be having the desired effect of slowing down the BRICS alliance; as three more nations are expected to be in attendance at the next summit. The markets are already experiencing the tension related to these added tariffs, and it would appear there is more to come.

Despite the ongoing geopolitical tensions that have emerged regarding the BRICS economic alliance, three new nations have been invited to the 2025 annual summit as the bloc eyes potential expansion. Indeed, the group could look to build off of its growing numbers in what is a critical year.

US President Donald Trump has sought to challenge the group, imposing 150% tariffs for its efforts to end the US dollar. However, that doesn't seem to have phased the collective thus far. Brazil, its 2025 chairmanship holder, has reiterated the need to settle trades in currencies outside of the greenback.

Over the last several years, the BRICS annual summit has been a key geopolitical event. Indeed, it has seen the group gather and expand their influence. In 2024, the bloc welcomed the presence of partner nations as its ongoing expansion efforts continued.

Now, it is set to face what is perhaps its most important summit yet. As tension with the US grows, BRICS has invited three new nations to its 2025 summit as it eyes even more expansion in the near future. Specifically, it could be set to expand its reach amid challenges with the West.