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Daily Risk Notes

Global Risk Watch, Standard Risk Global

Institutional risk intelligence, market context, and geopolitical notes for cross-border investors and global operators.

The week's highlights

Standard Risk Global

USTR launches investigations across 16 economies to rebuild tariff walls after Supreme Court struck down IEEPA authority, while Beijing leverages legal victory into summit bargaining power

The Correction Paradox: Why Gold's 17% Drawdown Is a Buying Signal, Not a Breakdown

Gold is experiencing a paradox: the sharpest correction since early 2023 is occurring precisely when the structural case for gold is strongest. The 17% drawdown from the all-time high of $5,589 (January 28, 2026) to $4,660 (March 20) is being driven by three cyclical forces — a stronger dollar from the oil shock, a hawkish Fed pivot from two expected cuts to one, and forced liquidation of leveraged long positions. None of these forces invalidate the decade-long structural bid from central bank de-dollarisation...

The Iran War: What It Means for Energy Prices, Macroeconomics, and Cross-Border Business

This report analyses the conflict's implications across three dimensions that matter for companies operating across borders: energy price trajectories under multiple scenarios, macroeconomic transmission channels across importing and exporting economies, and the specific impact on Asian cross-border investment in the Middle East and beyond. The core finding is a resilience shock disguised as an energy shock: Asia's energy-dependent manufacturing base faces a structural inflection point. Net energy exporters—the...

The Emerging Market Paradox

Emerging markets are growing faster than developed markets. They have been growing faster for two decades. And yet the fundamental promise of economic development — that faster growth leads to income convergence with wealthy nations — is failing for the vast majority of developing economies. This is the emerging market paradox: growth without convergence. The IMF projects emerging market and developing economies (EMDEs) will grow at approximately 4.0% in 2026, compared to approximately 1.5% for advanced economies.…

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