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Tether increases its gold reserves and becomes one of the largest holders in the world
The stablecoin giant Tether has officially become the largest private buyer of physical gold, with reserves now comparable to those of countries such as Greece and South Korea: as of September 30, its holdings amounted to 116 tonnes. The uncertain macroeconomic environment continues to fuel interest in alternative assets, which are now widely recognized as reliable protection tools.
[Source: Borsainside]
Not just gold: silver on the rise in today’s trading
The white metal is up in today’s trading, changing hands at $53.41 per ounce. The increase recorded is 0.12% compared to yesterday, when it had settled at a high of $53.35 per ounce.
[Source: Finanza online]
Falling dollar, gold rises on new Fed rate cut in December
Gold is back in the spotlight in the markets, driven by the weakness of the dollar and growing expectations of a further interest rate cut by the U.S. Federal Reserve. The ultimate safe-haven asset is up 0.7%, climbing above the $4,100-per-ounce threshold.
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