Goldman Sachs: With continued central bank purchases of gold and a gradual increase in ETF holdings following the Federal Reserve's rate cut, this will continue to support our forecast for gold prices to reach $3,000 an ounce in the second quarter of 2026.
The European Central Bank's wholesale DLT experiment using central bank currencies for settlement has inspired a number of institutions to issue digital bonds. The latest is LBBW subsidiary Berlin Hyp, which plans to issue a €100 million mortgage-backed digital bond on the SWIAT blockchain on August 2. This will be the first mortgage bond (Pfandbrief) to issue bearer bonds or "crypto securities" using German eWPG law. This means that the law no longer requires a physical certificate or the inv...