In this context, the new gold-backed CBDC may seem a promising initiative to restore stability. The RBZ claims Zimbabwe has enough gold reserves to fully back the new digital currency. By pegging its

On July 28th, the Central Bank issued a circular outlining the resolutions reached during the monetary policy meeting held on that day to evaluate the efficacy of recent policy interventions implement

Global gold prices have started the week on a firmer note, stabilizing around $2,305 per ounce yesterday, following a 3.5% drop on Friday - the largest daily decline since November 2020. Investor sen

The Reserve Bank of Zimbabwe, the nation's central banking authority, has elected to maintain the benchmark interest rate at its current level for the third consecutive period, as evidenced by the lat

The embattled ZiG, a currency embroiled in a fierce battle for survival, has found itself in a perilous state, trading at an alarming rate of 13.7689 against the mighty U.S. dollar on July 24th, 2024

The Reserve Bank of Zimbabwe has raised the bank policy rate from 20% in April this year to 35%, according to the latest Monetary Policy Statement released last Friday. Standard and statutory reserve

Gold prices have continued their upward trajectory, reaching a new record high of US$2,750 per ounce on October 23, 2024. This surge is driven by gold's status as a safe-haven asset amid escalating ge

In 2025, gold's outlook is projected to remain strong due to continued central bank accumulation, robust demand from gold ETF investors, and increasing geopolitical uncertainties. Central banks are e

Global gold demand reached unprecedented levels in 2024, with total demand (including over-the-counter investment) rising by 1% year-on-year in the fourth quarter to achieve a new quarterly high.  Thi

Gold breached the critical $3 000 per ounce resistance level on 14 March 2025 as investors flocked to the safe - haven asset amid escalating trade hostilities and geopolitical volatility.  Spot price

Gold remained a key asset for central banks in February 2025, with a reported 24 tonnes of net purchases marking another month of robust activity in the global gold market. Leading the charge was the

Blanket Mine, flagship asset of Caledonia Mining Corporation, delivered a stellar Q1 2025, achieving a record first-quarter gold production of 18,671 ounces, surpassing the previous high of 18,515 oun

Global gold demand soared to a record 1,206 tonnes in the first quarter of 2025, the highest Q1 figure since 2016, driven by a 1% year-on-year increase that included over-the-counter (OTC) investment.

As we entered 2025, expectations for the US economy soared to their highest levels in over two years, fuelled by widespread belief that strong growth and significant asset-price increases would persi

Zimbabwe has faced persistent challenges with its currency, from hyperinflation to repeated monetary reforms. The introduction of the Zimbabwe Gold (ZiG) currency represents the latest attempt to stab

Gold has continued its record-setting pace, rising 26% in US dollar terms in the first half of 2025, and reaching double-digit returns across currencies. A combination of a weaker US dollar, rangeboun

The demand for gold grew significantly in the second quarter, reaching a record value of $132 billion, a 45% increase from the previous year according to the World Gold Council. The total amount of g

Gold prices rose 0.3% in July 2025, closing at US$3,299 per ounce, driven by tariff-led inflation expectations and geopolitical risks, per the Gold Return Attribution Model (GRAM). A stronger US doll