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As the civil war in Sudan rages on, the devastation is increasingly measured in troy ounces and metric tonnes. Before the conflict began, the country officially produced 87 tonnes of gold annually, a figure that plummeted to just 2 tonnes within five months of fighting.

Rising tariffs, geopolitical fragmentation, and persistent supply chain disruptions are roiling international trade. The World Trade Organization projects a 0.2 percent contraction in the global goods trade during 2025, which could deepen to 1.5 percent if tensions escalate.

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