Amid surging gold prices, the World Gold Council plans to implement “digital gold”: a form that can be used as collateral and meet margin requirements, thereby breaking gold’s current status as a non-yielding asset. According to the Financial Times, the World Gold Council (WGC) is planning to launch gold in digital form. This initiative could create revolutionary changes in the … Read More
ALL-TIME HIGH FOR GOLD
While the headline speaks for itself, there are some nuances regarding gold’s rally to $3,508 that are worth noting. First, like the previous all-time high in April of this year, the movement occurred during Asian trading hours (02:48 London time) and not during London trading as we would have expected. Yes, markets have epicenters where liquidity converges, and it is … Read More