Tether's gold hoard nears USD 20bln as buying spree continues, Bloomberg reports
Tether's increasing gold reserves, nearing USD 20 billion, signal a significant move towards solidifying backing for its stablecoin, which could influence market dynamics.
Canadian S&P Global Manufacturing PMI (Apr) 53.3 (Prev. 50.0)
Iran said to be looking at deploying mine-carrying dolphins to attack US Blockade in Strait of Hormuz, NYP reports
Tether's gold hoard nears USD 20bln as buying spree continues, Bloomberg reports
On Monday, White House envoy Witkoff sent Iran, through Pakistani mediators, a list of amendments that focus on returning the nuclear issue to the text of the agreement, according to Axios citing a source familiar with the details
Chinese tech startups such as Moonshot AI and DeepRoute.ai are considering changing their corporate structures in favour of incorporating in China, The Information reports
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This buying spree may add upward pressure on gold prices, highlighting a shift in demand amid broader economic uncertainties, especially for investors seeking refuge in tangible assets. Keep an eye on how this could impact the dollar and commodities markets as the trend develops.
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