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Category: U.S. dollar

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Posted on March 5, 2023 By Caden
Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of…

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2023, Assets, buyer, Central Banks, China, Demand, ECB, Economics, Economy, European Central Bank, Eurozone, financial, Global, gold, holdings, IMF, International Monetary Fund, investment, january, Kazakhstan, Krishan Gopaul, Markets, Metal, net buying, precious metal, Price, Purchases, Records, reserves, sales, seller, troy ounce, Turkey, U.S. dollar, Uzbekistan, WGC, World Gold Council

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

Posted on June 21, 2022January 27, 2023 By Caden
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the…

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