Over the past few weeks, the gold’s price fall has been accelerating and achieving fresh five year lows around 1080 dollar. Gold is down over 40% since making its respective high in 2011 above 1900.

After long years of conflicts, Iran and the international community struck a deal to curb Iran’s nuclear programme. The UN can now send inspectors to the facilities, which was as a matter of fact, the reason a few years back for the animosity between the United States and the Islamic republic. In exchange, Iran asked for economic isolation and international sanctions relief. And the West is gradually lifting the sanctions.

The Greek Parliament has ratified with an overwhelming majority the austerity measures required by the international creditors in exchange for the third bailout package that is €85-billion. This means Greece has to face even stricter austerity measures than the ones voted down 2 weeks earlier at the referendum.

Alwaleed bin Talal made a surprising announcement; he decided to give away his entire fortune, i.e. $32-billion to charity in order to stop famine and poverty. But don’t worry, he won’t go penniless.

The everlasting acts of this Greek drama slowly trapped the decision makers, the Tsipras government practically hit the wall financially and economically speaking and showed a series of actions that put the country in real trouble. All the austerity measures and difficulties that Greece recently had to suffer was in vain; the GDP growth and primary budget surplus both went to waste in 6 months by populist promises and increasing uncertainty.