This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Nothing has displaced the US dollar as the world’s favored reserve currency. But gold (GC=F) investors are giving it a shot. The safe-haven asset is welcoming with open arms the money flowing out…
Gold (GC=F) climbed to new records on Wednesday as silver (SI=F) and bitcoin (BTC-USD) continued a run higher. Investors are looking for hedges against mounting government debt and a broader shift away from fiat currencies toward what some analysts have dubbed the “debasement trade.” Gold futures blew past $4,060 per troy ounce to touch a…
Hong Kong has a “huge opportunity” to become a global finance hub for multicurrency stablecoins but being a “first mover” in the market would be key to success, according to PwC. “From an ecosystem perspective, having stablecoin issuers is just the first part of the puzzle,” said Peter Brewin, partner at PwC Hong Kong. He…