Future Investment Initiative Invests in Humanity

The Future Investment Initiative (FII) logo
The Future Investment Initiative (FII) logo
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Future Investment Initiative Invests in Humanity

The Future Investment Initiative (FII) logo
The Future Investment Initiative (FII) logo

The Future Investment Initiative (FII), the largest global forum of its kind in the Middle East, organized by Saudi Arabia, announced its fifth edition in Riyadh on October 26-28 under the theme "Invest in Humanity."

According to a statement issued by the organizers, the event brings together world leaders, experts, innovators, and media in a global forum to explore pioneering solutions addressing society's challenges and propel action towards their realization.

Yasir al-Rumayyan, chairman of the FII Institute board of trustees, indicated that the success of FII to date is a testament to the eagerness of the private and public sectors to play an active role in addressing the issues we face as a global community.

“By leveraging the enormous economic opportunities that will lie ahead in the post-Covid era, we will also catalyze the changes needed to achieve an equitable, prosperous future for all," said Rumayyan, who is also the Governor of the Public Investment Fund (PIF).

FII Institute CEO Richard Attias said: "As the world acknowledges the need for sustainable change, investors and leaders are looking for the right avenues to contribute in a way that creates both value and impact.”

The “Neo-Renaissance” of the global economy exploring in January during the fourth edition of FII, is now emerging, and the FII fifth anniversary edition will be a unique call to action, asserted Attias.

The most recent edition of FII, which took place in a hybrid format in January 2021, across global hubs, assembled over 200 speakers, 15,000 attendees from 130 nations, and the on-ground participation of a group of government and industry leaders, at the headquarters in Riyadh.



Gold Hits Record High on Trade War Woes, Weak Dollar

FILE PHOTO: Gold bars are displayed at a gold jewelery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma//File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma//File Photo
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Gold Hits Record High on Trade War Woes, Weak Dollar

FILE PHOTO: Gold bars are displayed at a gold jewelery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma//File Photo
FILE PHOTO: Gold bars are displayed at a gold jewelery shop in the northern Indian city of Chandigarh May 8, 2012. REUTERS/Ajay Verma//File Photo

Gold scaled a record peak on Monday, spurred by concerns over global economic growth amid the US-China trade war, while a weaker dollar further boosted the rally.
Spot gold advanced 1.9% to $3,391.02 an ounce as of 0641 GMT after hitting a record high of $3,391.62 earlier in the session.
US gold futures firmed 2.2% to $3,402.80.
The dollar index hit a three-year low, making gold more attractive for other currency holders, Reuters said.
"Fundamentally, markets are pricing in heightened geopolitical risks, driven by US tariff tensions and stagflation concerns, while resilient central bank demand offers an added tailwind for prices as well," said IG market strategist Yeap Jun Rong.
US President Donald Trump announced "reciprocal tariffs" on dozens of countries on April 2, and while his administration paused levies for some countries, it has ratcheted its trade battle with China.
On Monday, China warned countries against striking a broader economic deal with the US at its expense, a move Trump is reportedly seeking from countries looking for tariff reductions or exemptions.
Meanwhile, Trump launched a series of attacks against Federal Reserve Chair Jerome Powell, with his team evaluating whether they could fire Powell.
On the geopolitical front, Russia and Ukraine accused each other of thousands of attacks that violated the one-day Easter ceasefire declared by President Vladimir Putin, with the Kremlin saying there was no order to extend the pause in frontline fighting.
These issues bode well for the safe-haven bullion.
However, gold's relative strength index (RSI) stands at 75, indicating that the metal is overbought.
"The next potential milestone for gold could be around the $3,500 level, though positioning may appear crowded in the near term and technical indicators suggest near-term overbought conditions," IG's Rong said.
Spot silver added 0.8% to $32.84 an ounce, platinum gained 1% to $976.60, while palladium fell 0.2% to $961.50.