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Market Analysis: The Dynamic of Gold and Precious Metals The US dollar index experienced a modest increase of 0.1% against a basket of major currencies. For investors holding foreign currencies, this shift translates into an uptick in gold prices, making it relatively more expensive. Consequently, this movement imposes significant downward pressure on bullion prices, stirring conversations among market analysts and traders alike. “There was a minor recovery in broad dollar strength, which led to a little bit…

In a devastating turn of events, Virunga National Park, Africa's oldest national park located in eastern Democratic Republic of Congo, has been the scene of an alarming tragedy. Recently, the lifeless bodies of approximately 50 hippos and other large mammals were discovered, painting a haunting picture of nature's fragility. Authorities confirmed that laboratory analyses indicated these animals succumbed to anthrax, a highly infectious disease instigated by the bacterium Bacillus anthracis. This pathogen poses a serious…

Navigating the Undulating Terrain of Nigeria's Oil Market Last week marked a significant shift in global oil prices, as crude oil saw its value tumble to depths not seen since 2021. Was it former President Trump's imposing import tariffs that sparked this? Perhaps it was the unexpected increase in oil supply by OPEC+ that sent ripples through the market, slicing a hefty $10 from global benchmarks per barrel. And suddenly, by Friday, the crude oil prices had plummeted to $65 a barrel. For many, this…

In the serene Saaxil region of North Western State of Somalia, a celebration turned tragic as twenty-one members of a single family were struck by food poisoning. Their joyful Eid al-Fitr festivities took a sorrowful turn upon consuming meat from a camel they had slaughtered—a camel they had hoped would nourish them after falling ill. Local health officials have sounded the alarm and explained the unfortunate sequence of events. This unsettling incident unfolded within the close-knit community of Himin village. The…

Garowe (AX) – In the early hours of a sun-drenched Saturday morning, the otherwise quiet streets of Garowe were disrupted by the haunting echoes of gunfire. An unsettling skirmish between the Northeastern State Police and an unidentified armed faction resulted in the tragic loss of two police officers, with five more wounded and left to grapple with injuries both visible and invisible. The command of the Northeastern State Police Force, in a statement bathed in urgency, illuminated the events leading up to the…

This year, Germany celebrates a significant milestone—the 35th anniversary of the fall of the Berlin Wall. Under the spirited theme "Preserve Freedom!", celebrations commenced today, resonating deeply against the backdrop of Russia's ongoing invasion of Ukraine and growing concerns that democracy itself is under siege. Chancellor Olaf Scholz, navigating a turbulent week as his coalition faced a dramatic collapse, released a heartfelt message addressing the nation. He reflected, "The liberal ideals of 1989 are not to be…

FILE PHOTOA mortar round launched by al-Shabab struck a base inside the confines of Mogadishu’s international airport on Sunday, resulting in the deaths of two African Union soldiers and injuring another.Mohamed El-Amine Souef, the head of the African Union Transition Mission in Somalia (ATMIS) and Special Representative of the Chairperson of the African Union Commission, expressed deep condemnation for the assault on the Halane Base Camp. Speaking on behalf of ATMIS, he noted, “This brutal attack will not dissuade us or the…

According to a recent alert from the United Nations, greenhouse gas levels in our atmosphere have surged to unprecedented heights in 2023, leaving nations miles behind what’s necessary to prevent catastrophic global warming. The World Meteorological Organization (WMO), which serves as the UN's authoritative voice on climate matters, reported that the concentrations of three major greenhouse gases—carbon dioxide, methane, and nitrous oxide—all saw another uptick last year. The pace of carbon dioxide accumulation was noted to…

MOGADISHU, Somalia - On a fiery Monday, the notorious Al-Shabaab lost numerous key villages across Somalia's heartland. This victory was shared by gleeful military officials who informed us of the inroads made by retaking several frontlines and districts paralyzed by extremist activities aimed at dethroning the government. It was the dynamic duo—the Somali National Army (SNA) and Maawisley militia—that cleared these villages. Officials mentioned that government troops plan to stick around for a while to ensure the safety…

Analyst Sees Djibouti's Proposal for Ethiopian Port Access as Insufficient to Ease Tensions Listen up: An analyst suggests that Djibouti’s recent offer to grant Ethiopia access to its coastline likely won't put an end to the ongoing political strife. Meanwhile, the Smithsonian-hosted Teaching Africa Day has wrapped up in Washington, D.C. A prominent Zambian legislator from the Patriotic Front (PF), the leading opposition group, claims the latest remarks from UN experts about the diminishing freedoms of speech and assembly…