BRICS has announced initiatives for a 40% gold asset backed settlement currency called The Unit, which has triggered an ...

Gold stabilizes after a huge over-3% sell-off following news Israel and Hezbollah had reached a ceasefire deal. The Israeli ...

Gold's recent correction is driven by a surge in the US dollar index and market reactions to Trump's election. See why I ...

Gold rose on Wednesday, rebounding from an over one-week low hit in the previous session, on a weaker dollar, but trimmed ...

Zimbabwe has introduced a new gold-backed currency called ZiG ... the body introduced a new currency called the bond note that was backed by the US dollar loan facility. The then-central bank ...

Zimbabwe's central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the country's volatile economy, is in trouble.

However, the US dollar, which accounts for ... amount of local currency in circulation was backed by equivalent value in precious minerals - mainly gold - or foreign exchange, in order to prevent ...

The BRICS summit discussed de-dollarization and a potential gold-backed currency, which could significantly increase gold demand and decrease USD value. The US national debt and high budget ...