The process of casting and refining may be restricted by the laws of physics, but that doesn’t mean innovation is impossible. New technologies are opening up new possibilities, writes CALLUM GLENNEN.
Monday, 5/17/2021 14:25
GOLD PRICES climbed to more than 3-month highs at $1855 per ounce Monday morning as real interest rates on US debt fell to 3-month lows amid a rush to re-impose Covid lockdowns in Asia, where the latest Chinese economic data came in weaker than analysts forecast, writes Atsuko Whitehouse at BullionVault. Spot gold prices jumped 1.1% in early London trading, touching the highest since 10 February and extending last week s 0.6% gain before falling back $10 per ounce to $1845 as the start of New York trading began. Real interest rates on inflation-protected US Treasury bonds fell to minus 0.93%, while the implied rate of inflation across the next decade reached a fresh 8-year high at 2.55% per annum.
iTWire Tuesday, 11 May 2021 12:56 Trovio sees economic opportunity in Singapore
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IT services company Trovio has established a new office in Singapore, citing that the country has built a reputation as a “stable financial centre” and proven itself a “bullion hub.”
Trovio establishes its new office in Singapore as the country “proves itself as an important focal point for gold trading in the Asean region.”
Trovio says Singapore has already “cemented its reputation as a stable financial centre” and has taken steps to position itself as “a bullion hub, exempting investment-grade gold, silver and platinum from a goods and services tax.”
City state seen as an important focal point for gold trading in Southeast Asia
11 May 2021 |
The Asset
Trovio, a Sydney-based fintech startup that provides commodity digitization and registry services, has established a foothold in Singapore, which it considers an important focal point for gold trading in the Southeast Asian region.
Aside from opening a regional office in the city state, the company also became the first fintech company to be welcomed into the Singapore Bullion Market Association (SBMA) as the gold industry looks to leverage new methods and technologies offered by digitization.
According to Trovio, Singapore has already cemented its reputation as a stable financial centre and has taken steps to position itself as a bullion hub, exempting investment-grade gold, silver and platinum from a goods and services tax.
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