TG Commodities, the issuer of Tether Gold (XAUT), announced on the 3rd that its holdings for the second quarter of 2026 increased by 9.5% compared to the previous quarter. This increase came despite a 14.1% drop in gold prices during the same period, indicating a growing demand for gold-backed physical assets. Gold prices ended the quarter at $4,008.02 per troy ounce, having fallen from the high of the first quarter amidst a stronger US dollar and shifting inflation expectations.
