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Gold Steadies as Fed Officials Express Mixed Views on Rate Cuts

Gold Steadies as Fed Officials Express Mixed Views on Rate Cuts

Bloomberg21-07-2025
Gold was steady as markets opened on Monday, with traders weighing differing views from US Federal Reserve officials on how President Donald Trump's tariff agenda will impact inflation.
Bullion traded near $3,350 an ounce — after a small decline last week — as Fed Governor Christopher Waller advocated for a rate cut last week. Governor Michelle Bowman has also expressed an openness to a reduction, while their colleagues remained more cautious due to the risk of persistent inflation triggered by tariffs. Lower borrowing costs tend to benefit gold as it doesn't pay interest.
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Mastercard extends payment collaboration with Uber
Mastercard extends payment collaboration with Uber

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Mastercard extends payment collaboration with Uber

Mastercard has extended its partnership with Uber, focusing on improving payment solutions for drivers, couriers, and Mastercard users on the Uber platform. As part of this collaboration, Uber will utilise a variety of Mastercard products and services, including Mastercard Move for real-time disbursements, Mastercard One Credential to streamline the payment experience, and Mastercard Gateway capabilities for collections, to bolster its business operations. The Uber Pro Card, which Mastercard currently supports in the US and Canada, has been renewed in those markets and will see an expansion into new regions, including the UK. This card enables Uber drivers and couriers to receive instant payments at no cost after each trip or delivery, along with benefits such as leading cash-back rewards on fuel purchases, according to Mastercard. Mastercard co-president of Global Partnerships Sherri Haymond said: 'This partnership connects over 3.5 billion cards and more than 150 million merchants that accept Mastercard globally together with Uber's community of ​over ​8.5 million earners and 170 million users worldwide. 'By leveraging Mastercard's end-to-end payment solutions, this deepened work will provide integrated, trusted and seamless payment experiences for Uber's workers, small business owners, and consumers while also supporting Uber's growth.' In conjunction with this expansion, the Uber Pro Card will also enhance payment experiences by incorporating Mastercard One Credential, a single digitally connected credential that provides greater payment options. Additionally, Uber's global customer base will gain access to Mastercard's consumer payment products and services, including its Offers Platform, which will introduce unique benefits and added value for Mastercard cardholders purchasing delivery and mobility services on Uber's platform. Mastercard Gateway, the company's global processing and fraud prevention solution, will also be employed to enable Uber to accept a diverse range of digital transactions swiftly and securely. Uber vice president of Global Commerce Karl Hebert said: 'We could not be more excited to be deepening our relationship with a similarly forward-thinking and innovative business like Mastercard. 'At the heart of this partnership is a desire to grow benefits for all our mutual customers, be it the businesses that rely on Uber to earn each day, or those using the platform to Go Anywhere and Get Anything.' "Mastercard extends payment collaboration with Uber" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The winners and losers in US-EU trade deal
The winners and losers in US-EU trade deal

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The winners and losers in US-EU trade deal

The US and EU have struck what is being billed as the largest trade deal in history, after talks in Scotland. It actually resembles the framework for an agreement rather than a full trade deal, with details still unclear. But the headline figures announced by President Donald Trump and EU chief Ursula von der Leyen do offer clues about which sectors and groups could be hit hardest or have most to gain. Follow reaction live Trump - winner After promising new trade deals with dozens of countries, Trump has just landed the biggest of them all. It looks to most commentators that the EU has given up more, with instant analysis by Capital Economics suggesting a 0.5% knock to GDP. There will also be tens of billions of dollars pouring into US coffers in import taxes. But the glowing headlines for Trump may not last long if a slew of economic data due later this week show that his radical reshaping of the US economy is backfiring. 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Here's 1 New Billion-Dollar Reason to Buy Solana And Never Look Back
Here's 1 New Billion-Dollar Reason to Buy Solana And Never Look Back

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Here's 1 New Billion-Dollar Reason to Buy Solana And Never Look Back

Key Points Asset managers are migrating commodities like gold bullion to blockchains. One such business just decided to move its gold holdings onto Solana. These assets are just the early movers in a mega-trend that will benefit the chain. 10 stocks we like better than Solana › Gold has always gravitated toward the world's deepest vaults, starting first with royal treasuries, then central banks, and now, apparently, blockchains. The latest flow is led by BioSig Technologies (NASDAQ: BSGM), which just said it would convert as much as $1.1 billion in physical gold bullion into crypto tokens on the Solana (CRYPTO: SOL) blockchain. For long-term investors, that single decision is one of the clearest signs yet that high-value, highly regulated commodities can, and will, live on Solana. If you have been waiting for a concrete, billion-dollar catalyst before adding to your Solana stack, this might be it. Here's why. This chain is getting gilded On July 7, BioSig inked a financing deal worth as much as $1.1 billion to build a commodities tokenization platform, starting with gold. A bit later, it was confirmed that the company would issue those gold-backed tokens on Solana's chain. That single project is enormous relative to Solana's current real-world asset (RWA) footprint; all tokenized real-world assets on Solana total about $536 million today. If the full $1.1 billion in gold bullion shows up on-chain, the value of RWAs hosted by the network could thus jump by roughly threefold overnight. And that would certainly have a very positive impact on the coin's price. But why did this business choose Solana specifically? In short, it was the chain's low fees, which are typically fractions of a cent, and its lightning-fast transaction processing times, both of which matter when every token represents a bar of gold worth tens of thousands of dollars. The chain's average throughput is about 1,671 transactions per second (TPS) as of noon on July 24, with its development roadmap aiming much higher via the upcoming Firedancer upgrade. Those performance stats will help treasurers move bullion-backed tokens (or any other kind of token) quickly without worrying about network congestion or fee spikes. In other words, BioSig's bullion is finding a new home, and in doing so it is endorsing Solana's technical design as fit for purpose in the ultra-conservative world of precious metals custody. That kind of validation is hard to buy, and even harder to ignore. The tokenization segment is the future Real-world-asset tokenization is no niche experiment, and it's likely going to be a huge driver of growth for Solana, as well as perhaps a few of its competitors. Boston Consulting Group (BCG) projects that just over $16 trillion of illiquid assets could be tokenized on-chain by 2030. Today, just $25 billion is tokenized across all chains, leaving a colossal runway for expansion. Importantly, the ultimate winners of the tokenization trend are not decided yet, though there are a handful of early leaders, of which Solana is one. The chain is currently experiencing the fastest growth of tokenized stocks in the entire crypto sector, though it only hosts just over $96 million in that category today. Add BioSig's gold tokens to the mix, and Solana suddenly hosts a diversified, multibillion-dollar basket of tokenized U.S. Treasury bills, cash, and commodities. Network fundamentals are already moving in tandem with inflows of new assets, as the chain generated $271 million in network revenue in the second quarter of 2025, topping every other chain for the third straight period. Furthermore, rising revenue signals growing demand for block space, which is almost always a precursor to sustained token appreciation. Of course, nothing travels in a straight line. Other blockchains are vying for the same tokenization pie, and regulators still have to hammer out commodity-token rules in major markets. Yet Solana's design, coupled with a thriving ecosystem of compliance-ready service providers, means it can integrate know-your-customer (KYC) layers without rewriting its core code, which is a valuable capability, especially compared to some of the other players in the sector. Assuming regulators approve genuine commodity tokens at some point -- and early signals look promising -- Solana's head start could solidify into an actual economic moat. But don't bet on that outcome just yet because there are still a lot of issues to resolve. For investors, the takeaway is clear. Each fresh billion of real-world assets onboarded to Solana reinforces part of the investment thesis for the coin, namely that the chain that settles those RWAs fastest and cheapest will gain in value. This is a good time to be buying this coin. Lastly, recognize that BioSig's gold is likely the opening salvo in a wider commodities rush, not an isolated event. So stay tuned. Should you buy stock in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Alex Carchidi has positions in Solana. The Motley Fool has positions in and recommends Solana. The Motley Fool has a disclosure policy. Here's 1 New Billion-Dollar Reason to Buy Solana And Never Look Back was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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