BREAKING: BRICS nations developing a new precious metals exchange. The initiative aims to create an alternative to systems controlled by the U.S. Russian Deputy Foreign Minister Sergey Ryabkov announced plans for the platform, alongside a grain exchange. This follows surges and volatility in gold prices; gold exceeding $5,600 in January, then fluctuating. BRICS seeks to bypass reliance on the U.S. dollar and U.S. influence. Internal trade within BRICS is reportedly outpacing global averages. Digital methods and national currencies are emphasized for transactions.
BRICS prepares to launch precious metals exchange amid gold market volatility
