This tag covers the strategic stakes tied to physical resources: energy, critical metals, rare earths, agricultural resources. These material constraints shape economic power balances and transition trajectories. It analyses how the geography of resources influences macroeconomics and markets.
Gold is not a conventional commodity but a latent monetary asset. Its price tracks real rates and monetary credibility more than headline inflation, with central bank flows now reshaping the market.
The global reference gold price is not a single live datapoint but an institutional fixing produced twice daily in London, calibrated against a precise bar format and a precise delivery standard. Understanding the quotation mechanic is a prerequisite for reading…
Gold prices do not track inflation: they track the monetary opportunity cost of holding, itself driven by real yields, the dollar and — since 2022 — a long-dormant driver, record central bank buying. Reading gold today requires combining three distinct…
The Bab el-Mandeb Strait is once again becoming a major pressure point in global trade. In an environment of high interest rates and fragile supply chains, a localized maritime disruption can now quickly transmit to industrial margins and inflation. The…
The battle for critical minerals is reshaping the map of economic power and industrial value chains. Why now? Because geopolitics is no longer just about oil and gas. In 2025, more than 70% of batteries and 80% of permanent magnets…
From a shock in oil or metals to a Fed rate decision, the transmission chain unfolds in three stages and 12 to 24 months — a sequence that explains why every supply-driven inflation cycle since the 1970s has produced sharper recessions than demand-driven ones.
