Savings
Boston’s Federal Reserve says it has solved technical challenges of a ‘digital dollar’
It could settle payments in under two seconds and handle 1.7 million transactions a second. The US Federal Reserve is continuing its research into a “digital dollar” and has unveiled a technical specification for how it might work, The Washington Post has reported. Researchers designed a system that can handle more than 1.7 million transactions a…
Read MoreThe Dollar’s Losses May Just Be Getting Started
(Bloomberg) — The dollar had an awful December and things may only get worse. The currency is set to extend losses as a truce in the U.S.-China trade war and signs that global growth is improving sap demand for haven assets, according to ABN Amro Bank NV. At the same time, the Federal Reserve has taken a…
Read MoreGold ends at a nearly 1-month high as Trump suggests China trade deal could wait till after 2020 election
Trump’s willingness to open new fronts in trade war unnerves markets Gold futures marked their highest finish in nearly a month on Tuesday, finding haven-related buying interest after President Donald Trump said it might be preferable to hold off on completing a long-awaited U.S.-China trade deal until after the November 2020 presidential election. Trump’s comments…
Read MoreOpinion: Gold isn’t necessarily an investment — it’s life insurance
Physical gold is an important asset when the world goes haywire I have always secretly wanted to work at a precious metals bullion dealer. I love gold GC00, +0.59%. And silver and platinum. I love them philosophically, and I also just like shiny rocks. But if you think about it, trading metals is a really weird business.…
Read MoreGold prices could reach $2,000 by the end of the year, strategist says
By Stella Soon/CNBC Gold prices are set to “reach $2,000 by the end of the year,” predicts David Roche, president and global strategist at London-based Independent Strategy. Roche recommends investors hold gold in their portfolios, alongside some European fixed income and U.S. Treasurys. Gold prices can continue to climb even after they hit a multi-year…
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