PRECIOUS METALS | Tether Gold Investor Holdings Rise 9.5% in Second Quarter

Tether Gold investor holdings increased 9.5% in the second quarter. According to Odaily, 612,823.66 XAU₮ had been sold as of 23:59 UTC on June 30, 2026, up 53,225.02 from the end of the first quarter, representing ownership of an additional 1.66 tons of physical gold in reserve.By the end of the second quarter, XAU₮ physical gold reserves totaled 707,747.139 troy ounces, or about 22.01 tons, with a total market value of about $2.837 billion. Each XAU₮ is backed 1:1 by at least one troy ounce of physical gold, and the reserves include 1,759 London Good Delivery gold bars and small bars stored in Switzerland.Tether CEO Paolo Ardoino said gold recorded its largest quarterly pullback in 13 years in the second quarter, but investors continued to increase their XAU₮ holdings. Tether International SA de CV bought about 27.1 tons of gold in the first half of 2026, averaging 4.5 tons per month.