Gold-buying app sees 718% spike in volume as coronavirus volatility drives investors to havens [MarketWatch]
Prudential Financial, Inc. (PRU)
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Source: MarketWatch
Gold-buying app sees 718% spike in volume as coronavirus volatility drives investors to havens Gold-buying apps, which allow customers to buy and use the precious metal for everyday spending, are seeing record volumes as investors flock to the safe-haven commodity amid violent market swings on fears of a coronavirus-fueled global recession . British-based startup Glint Pay Services, which operates in the U.S., the U.K. and continental Europe, said it had seen a 718% increase in clients purchasing gold over the last five weeks as volatility stemming from the coronavirus pandemic swept through markets. “Sales are going through the roof,” Jason Cozens, founder and CEO of Glint told MarketWatch in a telephone interview. “We are breaking records everyday.” The average gold purchase per customer has increased in the last five weeks to £2,739 from £1,373, Cozens said. Founded in 2018 , Glint allows customers to buy and sell, and spend their physical gold instantly through a debit card linke
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PRU
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- 10/30/24 - Beat
PRU
Sec Filings
- 11/19/24 - Form 424B2
- 11/18/24 - Form 4
- 11/18/24 - Form 424B2
- PRU's page on the SEC website