Gold attracts young investors trading online, says The Royal Mint

- Bitcoin Is Failing Its First Inflation Test

Gold last traded at $1,801 an ounce. Silver at $25.20 an ounce.

NEWS SUMMARY: Precious metal prices traded steady Friday on a flat dollar. U.S. stocks rose as the major averages tried to post their fourth straight day of gains, overcoming concerns about economic growth earlier in the week.

BBC--"Gold has glistered for young investors with The Royal Mint recording a fivefold rise in young adults taking a stake in the precious metal.

The Mint, which is wholly owned by the Treasury, said young investors were attracted to its new digital platform for gold investment.

The investments are backed by gold stored in The Royal Mint's vaults.It reported pre-tax profits of 12.4m pounds in the last financial year, up from a 200,000 pound loss the previous year.

A host of companies are now offering gold investments for digitally-savvy young investors.

The interest from do-it-yourself young investors, putting their money into investments ranging from cryptocurrencies to environmental assets, prompted the City watchdog to carry out research on the risks they were taking....

Gold is generally considered as a safe investment, and has been popular among investors globally at times of uncertainty such as the pandemic and low interest rates for cash....

The Mint said its new digital savings platforms attracted fresh customers to precious metals investment, which it had offered through other channels for years. It said investment in limited edition coins. produced alongside coins for general circulation, had also proved popular in the last year."