Russia confirms BRICS will create a gold-backed currency
Posted By Peter Coyne | 2023-07-10 03:28:05
The gold market could see new bullish momentum as the world could see a new type of gold standard.
- The Russian government has confirmed that Brazil, Russia, India, China and South Africa, also known as BRICS nations, will introduce a new trading currency backed by gold.
- The latest news is adding new momentum to the ongoing de-dollarization trend unfolding in the global economy.