↑ BAR Coin in Focus: Gold Demand Soars, Crypto and Archeological Developments Stir Interest

There seems to be a global uptick in the demand for gold, with a record level of demand being observed in Q3. Notably, trade in bars and coins is quite robust. The cryptocurrency community was recently stirred by the Treasury Secretary's visit to a Bitcoin bar. However, a woman in DC reportedly lost over $640,000 in a gold bar and coin scheme, leading to charges for two California residents.

Globally, the demand for gold bars and coins had a surge in Q1, apart from the U.S. A significant portion is traded through established venues such as Costco. Back in Boston, an experiential games bar has been planned which seems to combine fun and finance. Interestingly, a 'crypto bro' is looking to buy a renowned Lower Haight beer bar with plans to launch his coin, even as some are advocating for a creation of a gold bar registry.

Countries such as China, India, and Brazil have shown an increased interest towards bar and coin investments. China's gold consumption dropped by 3.5% in H1, primarily because of a fall in jewelry sales, while the demand for bars and coins surged. Brazil's Central Bank has announced crypto rules, including a $7M capital bar for firms. However, the gold bar and coin demand worldwide is reported to have dropped sharply in Q3. The German market, in particular, has seen a significant dip in demand for gold bars and coins.

There are interesting developments in the world of cryptocurrencies too. Binance Alpha News reported 300% gains recently, raising the bar in the crypto space. Hedera (HBAR) continues to be a contender in the market with dependable performance. Other than financial news, exciting archeological discoveries are also surfacing, like the 2,100-year-old coins unearthed in the Jordan Valley, and a rare coin engraved with the name 'Eleazar the Priest' found in the Judean Desert.

BAR Coin News Analytics from Fri, 10 Jul 2015 07:00:00 GMT to Tue, 25 Nov 2025 13:26:10 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 5