News

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]

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]

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.