Tether Becomes Largest Non-Central Bank Gold Holder After Record Q3 Purchases
Tether’s gold reserves hit 116 tonnes after record Q3 buying that surpassed every central bank.
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Tether’s gold reserves hit 116 tonnes after record Q3 buying that surpassed every central bank.
Deutsche Bank increased its 2026 gold price forecast to $4,450 per ounce, citing stronger investor flows and persistent central-bank buying that continue to tighten supply.
Angola opens a $4 billion plant to process standalone gas fields, expanding export capacity and reducing reliance on oil-linked production.
Tether has become one of the largest private holders of physical gold, using bullion to diversify reserves backing its USDT stablecoin and gold-linked token.
Oil stabilizes after hitting a one-month low as oversupply concerns and Russia-Ukraine peace hopes balance market sentiment.
Gold climbed over 1% to its highest level in nearly two weeks after soft U.S. economic data strengthened expectations of a Federal Reserve rate cut next month, lifting demand for non-yielding bullion.
Tucker Carlson launched Battalion Metals to trade gold and other precious metals, leveraging rising demand and his influence over investor sentiment.
China’s net gold imports via Hong Kong fell sharply in October, sliding about 64% from September as softer domestic demand and high global prices curbed buying activity.
Gold prices declined after a stronger-than-expected U.S. labor report and a firmer dollar, which reduced expectations of an imminent interest-rate cut by the Federal Reserve.
Gold prices edged higher following two consecutive days of losses, as markets trimmed expectations for a near-term U.S. rate cut and investors reassess safe-haven dynamics.
Christopher Eppinger, 31, earned over $250 million trading Russian oil through his phone, moving millions of tons across global markets.
China has secured its first foreign partner under its gold-custody scheme, with Cambodia agreeing to store reserves in China as Beijing expands its role in global bullion markets.
Gold has surged over 50% this year, while Bitcoin is up about 13%, raising questions about which asset truly functions as a hedge against a weakening US dollar.
Gold prices remain elevated after a robust run this year, yet officials at the Bangko Sentral ng Pilipinas (BSP) say their own heavy holdings may justify profit-taking, even as global central-bank buying supports the metal.
Gold suffered its worst single-day drop in 12 years, tumbling more than 6% amid profit-taking and a firmer dollar. Still, the long-term outlook remains bullish thanks to central bank buying and inflation hedging.