China And Stablecoin Issuer Tether Ramp Up Gold Accumulation
Global gold production hits record highs, but costs are surging. Discover why China, central banks, and Tether are buying big.
Big buyers like China and a cryptocurrency company called Tether are buying lots of gold right now, while gold production is at its highest ever but getting more expensive to dig up. When powerful buyers want more of something, it can hint that they think it will be important or valuable, so watch if gold prices move or if mining companies' plans change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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