A digital gold-backed currency was also introduced in May ... By April, about 85 percent of the country’s transactions were ...
Gold's recent correction is driven by a surge in the US dollar index and market reactions to Trump's election. See why I ...
A Texas legislator has filed two bills to establish a state-sanctioned currency backed by precious metals, marking a ...
Gold rose on Wednesday, rebounding from an over one-week low hit in the previous session, on a weaker dollar, but trimmed ...
Tether has introduced a new gold-backed stablecoin, named Alloy (aUSDT), which is tethered to the U.S. dollar. This marks the first asset of its kind from the issuer, and it is accessible through ...
as the dollar and Treasury yields soared in response to Trump's win. Front-month November silver (XAGUSD:CUR) ended +1.7% to $31.765/oz, a day after sinking 4.4%. Global physically-backed gold ...
When the dollar declines, it takes more bucks to buy ... Mancini points out that gold has risen to record highs even as physically backed gold exchange-traded funds have seen consistent outflows ...
Gold trades in dollars worldwide, so a weaker dollar often ... Mason cites the BRICS coalition's plans for a gold-backed currency as a factor reshaping market sentiment. While mining output ...
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.
Zimbabwe’s gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy. The ...