Gold


Markets

Nasdaq Hits Record While Bitcoin, Gold Remain Under Pressure After Latest Macro Data

Though old news, U.S. inflation numbers from May were disappointing.

Nasdaq 100 (TradingView)

Markets

Peter Schiff Says He 'Gets Bitcoin' but Not USD-Pegged Stablecoins, Floats Gold-Backed Token Plan

The vocal crypto and bitcoin critic advocated for gold-backed stablecoins instead of U.S. dollar-pegged ones, and he plans to launch one himself.

A gold bar (Scottsdale mint/Unsplash)

Finance

Tether Buys $82M Stake in Gold-Focused Investment Company Elemental Altus

Tether referred to increasing its exposure to gold as a "dual pillar strategy", alongside its holdings of over 100,000 BTC

Tether CEO Paolo Ardoino on stage at Cantor Fitzgerald's event in New York (Helene Braun/CoinDesk)

Finance

Wall Street Giant Cantor Fitzgerald to Launch Gold-Backed Bitcoin Fund

"There are still people on the Earth that are still scared of bitcoin, and we want to bring them into this ecosystem," said Brandon Lutnick, chairman of Cantor Fitzgerald.

Brandon Lutnick (CoinDesk)

Markets

Bitcoin and Gold in Sweet Spot as Bond Market 'Smackdown' Exposes the U.S. Fiscal Kayfabe: Godbole

Bond markets are challenging the illusion of U.S. fiscal stability and safe haven status. BTC and gold stand to gain.

Solo Sikoa hits Jimmy Uso with a Samoan Drop during SmackDown. (Craig Ambrosio/WWE via Getty Images

Markets

Bitcoin’s Bull Run Against Gold Could Accelerate as U.S.-China Trade Tensions Ease: Chart Analysis

Easing trade tensions between the U.S. and China could lead to a broader risk-on sentiment and weigh over gold.

gold bars (Philip Oroni/Unsplash+)

Markets

BlackRock’s Spot Bitcoin ETF Tops World’s Largest Gold Fund in Inflows This Year

IBIT's outperformance indicates institutions' confidence in bitcoin's long-term prospects despite the cryptocurrency's relatively dour price performance.

Cars racing on a track. (mibro/Pixabay)

Markets

Kyrgyzstan's Gold-Backed Dollar Pegged Stablecoin USDKG to Debut in Q3

The stablecoin will be backed by $500 million in gold from the Kyrgyz Ministry of Finance, with plans to expand reserves to $2 billion.

gold bars (Philip Oroni/Unsplash+)

Markets

Gold-Backed Crypto Minting Volume Hits 3-Year High as Central Bank Buying Drops

A surge in demand, particularly from ETFs, pushed the average quarterly gold price to a record high.

Stacked gold bars (Scottsdale Mint/Unsplash/Modified by CoinDesk)

Markets

Gold Continues Correcting and That Might Be Good for Bitcoin

The two assets have had inverse-correlated ETF flows on four different days in the last week.

Gold (Credit: Shutterstock)