Gold Reaches $5,300 Amid Tether's Bullion Accumulation and Coinbase's Futures Push

Tether expands its gold reserves to 130 metric tons, while Coinbase enhances futures trading as Bitcoin struggles and gold surges past $5,300.

In a remarkable turn of events, the price of gold has soared to $5,300 per ounce, driven partially by Tether's significant accumulation of physical gold. Tether's gold holdings have now reached an impressive 130 metric tons.

Meanwhile, Coinbase is focusing its efforts on promoting futures trading, even as the price of Bitcoin faces challenges in maintaining momentum. This dual strategy from Tether and Coinbase reflects the evolving landscape of digital and traditional assets, showcasing the growing fusion between cryptocurrency and commodity investments.