While economic uncertainty and geopolitical chaos have reignited investment demand, the debate over gold's role in global financial markets is still far from over. While gold is recognized as a Tier 1 asset under Basel III, it is still not recognized as a High Quality Liquid Asset (HQLA). HQLA is the key classification that the World Gold Council (WGC) seeks to change.In its latest report, analysts at WGC recommended that the Basel Committee on Banking Supervision (BCBS) revisit the classification of gold and identify it as HQLA.Analysts said in a research note: "In recent months, due to trade policy uncertainty, financial markets have experienced a period of significant volatility, stock prices have fallen sharply, U.S. bonds have suffered a rare sell-off, and bid-ask spreads have general
Gold & Silver Hover at Highs: Wait for Continued Break?
Gold and Silver Stocks Gain. Endeavour Silver up 9.5%; First Majestic Silver, Coeur Mining up 6%; Harmony Gold up 5% ---------- With global turmoil, is gold aiming beyond $3,500 this year? If gold standard is back, would you store physical gold or not? What's your target price for gold and silver? Will silver has more upsider potential?
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