August Gold News 2022

The Euro has sunk to a 20-year low against the Dollar this week as energy prices continue to soar, threatening a sharp downturn and winter crisis for much of Europe.

China’s central bank surprised markets yesterday with a small cut to one of their key lending rates, as the powerhouse economy continues to struggle. The cut comes in stark contrast of course to the central banks of the west, and saw commodities fall as a result, including oil, gold, and silver.

Zimbabwe have recently launched a new national gold coin, offered to citizens as a store of wealth and hedge against inflation. The new coin is already proving popular, and is a timely reminder of gold’s long history as money, and its ongoing status as a safe haven around the world.