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Ghana Launches Gold Coin Priced in Local Currency

Ghana Launches Gold Coin Priced in Local CurrencyGhana’s central bank launched a gold coin to boost domestic savings and manage liquidity. The coins are available in October and priced based on the London Bullion Market Association auction price. Despite efforts to strengthen the cedi, Ghana’s currency continues to depreciate against the U.S. dollar. Gold Coins Priced in Local Currency Ghana has launched […]

CFTC commissioner urges US crypto policy reforms

World Gold Council Exec Believes Blockchain Technology Will Bolster Trust in the Gold Industry

World Gold Council Exec Believes Blockchain Technology Will Bolster Trust in the Gold IndustryThe World Gold Council’s (WGC) head of global sales and regional CEO, Joe Cavatoni, explained on Friday that he believes the gold industry will integrate with blockchain technology in order to “help the industry standardize reporting.” Cavatoni spoke about the London Bullion Market Association’s (LBMA) and WGC’s Gold Bar Integrity Programme (GBI) which aims to […]

CFTC commissioner urges US crypto policy reforms

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps Higher

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal’s Value Jumps HigherWhile stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have […]

CFTC commissioner urges US crypto policy reforms

2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

2 Gold-Backed Crypto Asset Market Caps Near  Billion, XAUT Jumps 19,000% in 23 MonthsWhile reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market […]

CFTC commissioner urges US crypto policy reforms

Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe

Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in ZimbabweDespite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. Recycled Gold vs Non-Recycled Gold According to a […]

CFTC commissioner urges US crypto policy reforms