The US Mint has commenced production of a commemorative one-dollar gold coin featuring the likeness of President Donald Trump, the Treasury Department announced on Wednesday.
The coin is part of the official celebrations for the 250th anniversary of US Independence, marking a significant milestone in the nation's history.
Gold futures have remained resilient, reclaiming the $4,200 level for the first time since late June.
This development follows earlier reports that the Mint was set to begin striking the coin, a move that has drawn immediate scrutiny over the approval process and its implications for numismatic markets.
Gold futures have remained resilient, reclaiming the $4,200 level for the first time since late June.
The introduction of a high-profile commemorative coin featuring a sitting president is likely to stimulate additional demand from collectors and investors, potentially providing further support to the precious metal's price.
The US Mint's decision to feature Trump on the coin underscores the political and cultural significance of the 250th anniversary, which is expected to drive interest in related memorabilia and investments.