PEPPERSTONE:XAUUSD   골드 스팟 / 미국 달러
BRICS nation are growing root in rapid speed. Mexico has joined BRICS recently and many are lining up.
China just mediated a diplomatic pact between Iran and Saudi Arabia, gaining more grounds in Middle East.
A new superpower bloc in the making. A potential new reserve currency that is backed by commodities such as gold is on the rise.
We are seeing majority of BRICS nations are purchasing gold at breakneck pace. They know the US Dollar hegemony that is backed by nothing, may one day lose its dominance.

As US banking sector continues to crater, soon it will spill over to the next most vulnerable industry, which is real estate. Housing market is extremely critical to the overall well-being of US economy.
With companies laying off employees, prices of necessities continue to rise and Jerome Powell continue raising rates, path down the road don't look too bright.

By Sifu Steve @ XeroAcademy
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