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Gold-backed cryptocurrencies spike amid global trade uncertaintyTwo other gold-backed cryptocurrencies — Quorium (QGOLD) and Kinesis Gold (KAU) — have seen rises of 8.5% and 7.6%, respectively, in the past 30 days. All four tokens are up 40% or more in the ...
Major financial institutions have been raising their gold price forecasts as the precious metal’s price benefits from growing trade war fears and central banks' accumulations. This week ...
with central bank buying slowing and demand from exchange-traded funds and gold-backed cryptocurrencies growing. The latter recently moved to a three-year high, as measured by the net minting ...
Gold-pegged cryptocurrencies Paxos Gold (PAXG) and Tether Gold (XAUT) eased from all-time peaks on Friday after a global financial market rout erased $2.5 trillion from shares in the United States.
Gold-backed cryptocurrencies are outperforming the wider market amid a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid ...
When gold hit a new all-time-high of $3,500 on Tuesday it put the spotlight on gold-backed tokens — a discrete class of cryptocurrencies that's quickly capturing interest. Last week the total ...
Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as ...
Investors rattled by the growing global trade war flocked to gold-backed exchange-traded funds in the first quarter, with inflows propelling bullion’s 19% rally in the three-month period ...
Investors rattled by the growing global trade war flocked to gold-backed exchange-traded funds in the first quarter, with inflows propelling bullion’s 19% rally in the three-month period ...
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