Category: Kitco

Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed On Thin Trading Conditions, Leverage, Covid

The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the…

Precious Metals Firm Kitco Launches Gold-Backed Tokens Built On Ethereum

On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports.…

Metalla CEO Says Crypto Industry Is A ‘License For The Private Sector To Print Money’

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history…