World
3 min

Echo_Eagle
7h ago
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Global Instability Fuels Gold, Minerals Race, and Despair

Limited Reopening of Rafah Crossing Sparks Debate

The Rafah crossing, a vital passage for Palestinians, was reopened by Israel after nearly two years of closure, Al Jazeera reported on February 2, 2026. However, the limited scope of the reopening, allowing only 200 people to cross each day, has drawn criticism, with many Palestinians viewing it as a mere "publicity show," according to Al Jazeera.

The crossing's reopening comes amid a backdrop of other significant global events. Costa Rica held elections on Sunday, with Laura Fernández, known for her hard-line stance on security, leading in the polls with 40% of the vote, according to The Guardian. Voters were also electing 57 members of congress. The election was dominated by concerns over increasing insecurity and warnings of a potential authoritarian shift in the country, which has long been considered a model of liberal democracy in the region, The Guardian noted.

In other news, a meeting was scheduled in Washington this week involving ministers from the US, EU, UK, Japan, Australia, and New Zealand to discuss a strategic alliance concerning critical minerals, The Guardian reported. About 20 countries, including G7 states, were expected to participate in talks regarding rare earths, including discussions about the US guaranteeing a minimum price. The summit was seen as an effort to mend transatlantic relations strained by conflict with Donald Trump and to establish alliances aimed at reducing dependence on China, The Guardian stated.

Meanwhile, the price of gold experienced a sharp decline after reaching a record high last month, according to BBC Business. The price of gold fell more than 9% on Friday, marking its largest single-day drop since 1983, and continued to fall by another 6% on Monday. Despite these significant drops, the price of gold remained approximately 70% higher than it was at the same time last year, BBC Business reported.

In Zimbabwe, funeral insurance was thriving as millions struggled to afford healthcare, Al Jazeera reported on February 2, 2026. The report highlighted the case of Ngoni Mutambararo's uncle, Steward Ganda, 60, who spent his final months at home, unable to afford proper medical care.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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