According to The Kobeissi Letter, Tether’s gold holdings reached a record USD 12.9 billion in September, equal to 104 tonnes of physical gold (source: The Kobeissi Letter). According to The Kobeissi Letter, the value of its gold holdings has doubled since the start of 2025, while physical reserves have doubled since Q2 2024 (source: The Kobeissi Letter). According to The Kobeissi Letter, Tether has been accumulating more than one ton of gold per week on average in 2025, placing it among the largest buyers in the global market (source: The Kobeissi Letter). According to The Kobeissi Letter, Tether’s total reserve assets have surpassed USD 180 billion with about 7 percent held in gold, making it one of the world’s largest gold holders (source: The Kobeissi Letter). According to The Kobeissi Letter, crypto is joining the global gold rush; for traders, this ties a measurable share of Tether’s reported reserves to bullion pricing, so tracking gold volatility can inform reserve valuation and liquidity monitoring in crypto markets (source: The Kobeissi Letter).

According to @business, Newmont and Barrick both announced CEO changes on Monday as bullion surged to a fresh record high, marking a leadership upheaval after years of industry challenges (source: Bloomberg @business). According to @business, the leadership changes coincided with bullion’s all-time high, a key sector development closely watched by traders in gold-miner equities (source: Bloomberg @business).