21 Hrs
Source:
الاقتصادية
Mohamed El-Erian on Market Turmoil
Last week, there were sharp fluctuations in the global markets, with increasing concerns over U.S. debt, monetary policy, and geopolitical tensions. Gold and Bitcoin prices experienced strong rallies, with gold rising above $4,600 per ounce and Bitcoin increasing by 22% to reach $77,200, while bond market volatility, fluctuations in oil prices, and unrest in regions such as the Strait of Hormuz continued to impact the markets. Additionally, the U.S. national debt surpassed $40 trillion, doubling over ten years and increasing its debt service burden by 15%, amid government efforts to achieve fiscal balance and tackle rising interest rates—all against the backdrop of ongoing tensions between technological promises and profit realization, challenged by financial and social hurdles.
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