For its weight in gold: what could be the price of the metal in 2023?
06 December 2022
Dear traders,
According to Bank of America analytics, a rally in the gold market is expected in 2023 due to changes in the Fed's monetary policy.
In the first nine months of 2022, demand rose by 18% to pre-pandemic levels. By September, central banks had purchased 673 tons of gold, which is significantly more than in the whole of 2021(454 tons).
Next year could see upwards of $2,000 an ounce, experts say, as gold will be in the best position for US Federal Reserve rate adjustments. A slowdown in rate hikes may attract new investors to the gold market.
“Thus, given the already high physical demand in some regions, we believe that gold prices should rise in the second half of 2023,” BofA experts predict.
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New stablecoin from Tether
08 December 2022
Dear clients,
Tether Operations Limited (Tether), the company behind the blockchain-enabled platform tether.to, announced yesterday that it has added its offshore Chinese Yuan (CNH₮) to the Tron blockchain. At launch, Bitfinex will be the first exchange to allow its users to deposit and withdraw CNH₮ using the Tron transport layer from the platform.
Created in 2019, CNH₮ initially ran only on the Ethereum blockchain in the form of an ERC-20 token. The launch on Tron will make it the second blockchain to receive, sell and store CNH₮.
CNH₮ will become the fourth stablecoin to support Tether, along with those pegged to the US dollar (USD₮), euro (EUR₮) and peso (MXN₮).
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