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Gold-Backed Mastercard Coming To U.S. And Asia In Q3

From kitco.com

While the gold market has been mired in a three-month downtrend as a result of lackluster investor demand, one gold market fintech executive said that he sees signs of pent-up demand for the physical metal. Ben Davies, co-founder of U.K.-based Glint Pay, a digital payments system, said in an interview with Kitco News said that he sees signs of pent-up demand for physical gold as consumers look to the precious metal to preserve their purchasing power. “You can’t look at gold through the myopic view of the last few months,” he said. “You have to look past the summer doldrums.” Davies added that in the long-term they ... (full story)

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  • Category: Fundamental Analysis