Britain\'s Financial Conduct Authority is reviewing whether to avoid applying existing fund rules to tokenised gold and instead create a separate regulatory framework. The FCA has started gathering industry views on whether tokenised gold can improve efficiency in trading, transfer, collateralisation and custody, and highlighted uncertainty over whether it falls under collective investment scheme or alternative investment fund rules. It may issue guidance or establish a dedicated regime, but no final decision has been made.

Gold rose to its highest level in three months and bitcoin briefly climbed above $80,000, supported by a weaker dollar and falling long-term U.S. Treasury yields. Investors are watching whether the move reflects hedging demand amid concerns about the dollar and U.S. fiscal soundness. The World Gold Council cited stronger inflows into spot gold ETFs, while it said expectations of a September Federal Reserve rate hike had eased.