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LONDON--(BUSINESS WIRE)--Oct 11, 2023--

Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect

Spanish FA president Luis Rubiales is set to step down on Friday after heavy criticism of his behaviour at the World Cup final in Sydney on Sunday, according to reports in Spain. Rubiales’ expected resignation will come one day after FIFA opened disciplinary proceedings against the 46-year-old, who grabbed his crotch in celebration of Spain’s victory over England, then kissed Spain midfielder Jenni Hermoso on the lips during the trophy celebration. FIFA said in a statement issued on Thursday afternoon: “The FIFA disciplinary committee informed Luis Rubiales, president of the Spanish Football Association, today that it is opening disciplinary proceedings against him based on the events that occurred during the final of the FIFA Women’s World Cup™ on August 20, 2023.” FIFA’s statement added: “The events may constitute violations of article 13 paragraphs 1 and 2 of the FIFA Disciplinary Code. “The FIFA disciplinary committee will only provide further information on these disciplinary proceedings once it has issued a final decision on the matter. “FIFA reiterates its unwavering commitment to respecting the integrity of all individuals and strongly condemns any behaviour to the contrary.” The sections of the disciplinary code referenced in the FIFA statement cover “offensive behaviour and violations of the principles of fair play”. The code cites examples of behaviour which could lead to disciplinary measures being taken, including “insulting a natural or legal person in any way, especially by using offensive gestures, signs or language” and “behaving in a way that brings the sport of football and/or FIFA into disrepute”. Rubiales issued an apology via video on Monday for the Hermoso kiss, but Spanish prime minister Pedro Sanchez described the apology as “insufficient”. The Spanish FA has called an extraordinary general assembly on Friday in response to the matter, while confirming it has opened internal proceedings. Rubiales is a UEFA vice-president and a member of its ruling executive committee, and the PA news agency understands if the Spanish federation was to dismiss Rubiales it could ask UEFA for the right to nominate a replacement. If FIFA suspended him, Rubiales’ seat on the ExCo would remain vacant until the next UEFA Congress, when a replacement would be elected. The FIFA proceedings could also hamper Spain’s bid to co-host the 2030 men’s World Cup finals, which Rubiales is helping to lead. Spain is bidding alongside Portugal, Ukraine and Morocco for the centenary finals, with a decision on who will host due to be taken at an extraordinary FIFA Congress in the final quarter of next year. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Shock Daniel Dubois win is only chance of possible undisputed fight – David Haye Brave Matt Hudson-Smith struggles to hide frustration despite silver in Budapest Matt Hudson-Smith claims silver medal for Great Britain in Budapest

Separatist authorities in Nagorno-Karabakh say at least 20 people were killed and nearly 300 others injured by an explosion at a gas station

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Special forces bosses tried to cover up a "campaign of murder" in Afghanistan, a lawyer claims.

NEW YORK U.S. lawmakers lambasted former banking executives from the collapsed Silicon Valley and Signature banks at the