Tether's Gold Rush: A New Player in the Market

Jefferies reveals Tethers significant gold purchases as a major factor driving the recent surge in gold prices. Tethers growing involvement extends beyond physical gold, with investments in royalty and streaming companies. The hiring of top metals traders from HSBC suggests a long-term commitment to the gold market. However, the introduction of USAT stablecoin raises questions about its impact on gold demand.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.