News

Gold is down 0.79% in today’s trading due to profit-taking by short-term traders. The yellow metal is changing hands at $4,214.86 per ounce.

[Source: Ansa]

The belief that the U.S. Federal Reserve (Fed) will cut interest rates by the end of the year is boosting demand for gold, pushing the price above $4,200 per ounce.

[Source: Invezz]

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]