Gold Loses Momentum as Yields Rise and Safe-Haven Demand Fades 
How an OpenAI safety test became a real-world cyberattack on the Hugging Face platform 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
‘Vibe coding’ is fun and easy, but there’s a major catch 
Is Netanyahu’s star waning in Washington? His latest meeting with Trump suggests it may be 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Gold Spikes to $4085 on Fed Pause as Traders Eye Sell-the-Rally Setup 
Saudi Arabia is pumping crude at record pace in its bid to protect its market share, especially in Asia, and to push high cost producers out of the oil market.
However, its strategy at one hand to pump crude at record pace and maintain a currency peg at 3.75 (approx.) against Dollar is taking its toll on country's foreign exchange reserve, which has declined at record pace on record.
- Though trade balance has shrunk considerably, Saudi Arabia is still running positive balance. In first quarter of 2015, trade balance shrank to Saudi Arabia Real (SAR) 5.47 billion from more than SAR 200 billion last year.
- In first quarter of 2015, Saudi Arabia's capital account recorded deficit of more than $15 billion, lowest since financial crisis and first negative balance in more than 4 years.
With all these, Saudi's peg with Dollar is taking toll over its FX reserve.
- Saudi FX reserve decline to SAR 2.5 trillion in July, down from around SAR 2.77 trillion back in January. That's around 9.8% decline in reserve in just about 6 months.
Saudi Arabia still has enough reserves ($668.7 billion) to defend the peg, however longer the oil price stays down, higher will be the risks.
