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Tether adds 14 tonnes of gold in Q2, reserves top 146 tonnes
The move comes as central banks purchased a record 289 tonnes of gold, while GLD posted outflows amid high yields, according to MarketBeat Ratings.
Tether increased its gold holdings in Q2 by adding 14 metric tonnes, lifting its reported gold reserves to more than 146 tonnes, according to MarketBeat Ratings.
The same report notes that central banks bought a record 289 tonnes of gold during the period.
It also highlights that SPDR Gold Shares, commonly tracked via GLD, experienced outflows, which the outlet links to a backdrop of high yields.
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MarketBeat RatingsTether Strikes Gold: Crypto's Physical Pivot