Zimbabwe’s Gold-Backed ZiG Weakens for First Time Since Debut Unit sheds nearly 1% of value as it tracks gold price movement ZiG part of wider plan to abandon US dollar use, official says Zimbabwe’s gold-backed currency the ZiG weakened for the first time since its debut earlier this month. The currency traded almost 1% weaker at 13.38 per dollar on Thursday compared with a day earlier, central bank data shows, tracking the decline in the gold price. The metal has fallen in the past three days. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Why Gold May Not Go Above $2,100 Without Rate Cuts READ MORE Oil's Surge: Algorithmic Buying Meets Geopolitical Tensions READ MORE Economists Question the Recession-Predicting Power of theInverted Yield Curve READ MORE HSBC: Commodity Markets Are in a ‘Super Squeeze’ READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
