Tether's Gold Holdings Surge to Become Largest Private Holder in 18 Months
Gold prices experienced a temporary setback today, encountering resistance near $4,300 per ounce. Spot gold was trading around $4,285, reaching its highest level since June 18; however, buyers were unable to maintain momentum above this key psychological threshold. Nevertheless, the recent strength in gold prices has been significant, and the outlook for physical demand has just become even more promising.
Gold prices experienced a temporary setback today, encountering resistance near $4,300 per ounce. Spot gold was trading around $4,285, reaching its highest level since June 18; however, buyers were unable to maintain momentum above this key psychological threshold. Nevertheless, the recent strength in gold prices has been significant, and the outlook for physical demand has just become even more promising.
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