Gold: Tether flows reshape market structure – Societe Generale
Societe Generale analysts Michael Haigh, Ben Hoff and Jeremy Sellem highlight how Tether’s expanding Gold holdings have become a major force in the Gold market. They stress that Tether’s flows can rival or exceed those of ETFs and some central banks. Tether’s impact on gold market dynamics “Recently, Tether released its audited Q4 2025 gold‑holding …
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