Fed sees creation of a digital dollar as a ‘key duty’ despite denials

A presentation given to Rep. Tom Emmer’s staff shows that the Federal Reserve sees the creation of a digital dollar as one of their “key duties.” - There is a disconnect between policy makers desire to go green and the amount of critical minerals needed to make it happen, noted Matt Watson, Founder, Precious Metals Commodity Management LLC. - Gold prices are slightly higher and silver slightly lower in midday U.S. trading Monday.

The latest Kitco News Weekly Gold Survey showed last week’s bullish sentiment among market experts has largely evaporated, while retail traders remain optimistic about gold’s chances for continued gains next week. - As the gold market is expected to consolidate around its recent record highs, investors are finding value in other areas of the precious metals market as it could be silver’s turn to run, according to some analysts.

Volatility spiked in the crypto market on Friday as Bitcoin briefly fell below $66,000 only to reverse course and spike back above $70,000 as the day progressed.As Bitcoin’s price soars to new highs, macro analysts say non-stop fiat printing and growing debts are the real sources behind its rise, and it won’t stop until governments change course.

Source: Financial Digest (financialdigest.net)

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