Acacia_Investors

Acacia_Investors Updated 

HSBC has launched an innovative platform using Distributed Ledger Technology (DLT) to tokenize the physical gold of institutional clients stored in its London vault. This platform enables the trading of digital tokens, each representing 0.001 troy ounces of customer-held gold, fostering a response to the increasing demand for real-world tokenization, according to...

Acacia_Investors Updated 

Gold recently experienced a dip after briefly surpassing the $1,990 mark earlier in the day, erasing part of its daily gains. Nevertheless, it managed to hold above $1,980 as U.S. 10-year Treasury yields dropped below 4.7%. Gold displayed a two-way price action on Wednesday, approaching $2,000 in anticipation of the Fed's policy announcements. However, gold prices...

Acacia_Investors Updated 

The price of gold (XAU/USD) has consolidated around $1,985 in early Friday trading. The lower yields on US Treasury bonds and a softer US dollar (USD) are providing positive momentum for the precious yellow metal. However, market participants may exercise caution ahead of the highly anticipated US Non-Farm Payrolls (NFP) report on Friday, expected to show an...