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Tag: bullion

Dubai Multi Commodities Centre to Issue Gold Backed Tokens Using the Xinfin Blockchain Protocol

The Dubai Multi Commodities Centre (DMCC) has announced a new partnership with the firm Comtech Gold in order to digitize gold trading. The...

US Close: Stocks fluctuate, Fed stays hawkish, Dollar posts weekly gain, Oil’s bad week, Gold declines, Cryptos surprisingly find support

US stocks are acting like they are already feasted on a 12-pound turkey.  Today’s market moves were uninspiring as we did not learn...

VNX Gold token now available on LBank, expanding global interest in gold-backed digital assets

Leading cryptocurrency exchange LBank, adds VNX Gold to its platform, becoming one of the exchanges to offer VNX’s asset-backed token tied to precious metals Liechtenstein,...

MRHB and Gold & Silver Standard (GSS) Partner to Expand Halal DeFi Offerings with Tokenized Precious Metals

Melbourne, Australia, Sep 16, 2022 – MRHB.Network, a halal decentralized finance ecosystem, partners Ainslie Wealth’s Gold & Silver Standard (GSS), a leading Australian bullion...

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums

tokenized-gold-market-caps-grew-significantly-last-month-as-fresh-demand-drives-premiums

While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG…

The post Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums appeared first on Bitcoin News Miner.

US Close: Powell ready for super sized hikes, Inversion focus as bonds selloff, Boeing 737 plane crashed in Southern China, Oil rises as calls...

US stocks had an uninspiring start to the trading week after Fed Chair Powell delivered another round of hawkish comments and as commodity prices surged on growing expectations the EU could consider an oil embargo on Russia this week.  The harsh reality of faster rate rises is setting in for some traders and that could […]

Commodities and Cryptos: Oil choppy, Gold lower, Bitcoin steady

Oil Crude prices are consolidating as energy traders process the IEA’s 10-point plan to reduce oil consumption and await to see if any progress in peace talks between Ukraine and Russia can be made. Oil will remain a volatile trade in both directions, but the geopolitical risks don’t seem like they will be going away […]

Oil declines, gold rebounds

Oil goes for a wild ride Oil edged lower after a wild session as energy traders became worried that inflationary pressures will only get worse as this war continues and that will lead to crude demand destruction.  After another hot inflation report, many investors on Wall Street are growing concerned that stagflation risks could derail […]

Bitcoin (BTC) Will Benefit From War and Emerging Monetary Order, According to Credit Suisse Analyst

A Credit Suisse investment strategist says Bitcoin (BTC) will likely benefit from the current geopolitical turmoil. In a new analysis, Zoltan Pozsar says the world is witnessing a shift to a new monetary order centered around commodity-based currencies in the East. The strategist thinks the new monetary order will weaken the Euro/USD system and cause […]

The post Bitcoin (BTC) Will Benefit From War and Emerging Monetary Order, According to Credit Suisse Analyst appeared first on The Daily Hodl.

Report: LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities

report:-lbma-asks-6-russian-gold-refiners-if-they-have-ties-to-sanctioned-entities

The London Bullion Market Association (LBMA) said it wants six accredited Russian gold refiners to clarify if they have commercial ties with sanctioned Russian entities. The association’s request comes a few days after it revoked the membership of three sanctioned Russian banks. LBMA Accreditation The London Bullion Market Association (LBMA) has requested six Russian gold…

The post Report: LBMA Asks 6 Russian Gold Refiners if They Have Ties to Sanctioned Entities appeared first on Bitcoin News Miner.

Commodities and Cryptos: Oil higher, Gold shines, Bitcoin lower after Nuclear plant seized

Oil Crude prices rallied after Russian troops seized control of Europe’s largest nuclear power plant in Southeastern Ukraine.  A fire at the nuclear site was extinguished and early reports were that there was no immediate indication of a rise in radiation levels.  Yesterday, hopes were growing that a third round of talks could happen and […]

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