Search results for World Gold Council
Crypto
Gold, bitcoin rise together as U.S. Treasury yields fall
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.
Crypto
UK regulator moves to build framework for tokenised gold
Britain\'s Financial Conduct Authority is working to establish regulatory standards for tokenised gold. The FCA has discussed rules for tokenised gold and ways it could be used as collateral in wholesale markets with banks and industry participants, Cointelegraph reported. The talks come as Britain pushes to expand tokenised financial markets, backed by a government-supported industry task force roadmap.
Crypto
Bitcoin stalls near $64,000 as U.S. stocks, gold rise; what may drive a rebound
Bitcoin is struggling to set a clear direction near $64,000 even as U.S. stocks and gold climb. Gold rose 2.8 percent to $4,213 an ounce, its highest since June 22, helped by demand from China and 14 straight sessions of inflows into Chinese spot gold ETFs. The S&P 500 rose as well. Analysts say bitcoin needs sustained spot ETF inflows, stable U.S. Treasury yields and no further Fed rate hikes, along with a positive Coinbase premium.
