While the U.S. Federal Reserve maintains steady rates and signals caution amid a slowing economy, Europe and Switzerland have moved aggressively to cut interest rates to counter deflation and weak growth. Stock markets remain volatile, with global GDP forecasts revised lower and heightened geopolitical tensions. Tajinder Virk, Founder of Finvasia, highlights how diverging monetary policies and political uncertainties are reshaping currency behavior, increasing the relevance of gold and gold-backed stablecoins as investors seek stability in a turbulent global market.