BREAKING: Tether purchased +14 tonnes of gold in Q2 2026, bringing total holdings to a record 146 tonnes, now worth ~$18.8 billion. This follows gold purchases of +53 tonnes between Q3 2025 and Q1 2026. Tether’s gold holdings have more than doubled since Q1 2025, while their value has nearly tripled over the same period. This makes the company the largest known private holder of gold outside of central banks and governments. In the first half of 2026, only 4 central banks bought more gold than Tether: Poland, Uzbekistan, China, and Kazakhstan. Tether is now competing with central banks for gold after the correction.

BREAKING: China imported +173 tonnes of gold in June, the largest monthly import since March 2024. This also marks their 3rd consecutive monthly increase. As a result, China's total gold imports in the first half of 2026 doubled, to ~820 tonnes, the 2nd-largest first-half total on record. This is just ~10 tonnes below the first-half total record of ~830 tonnes set in 2025. The surge was driven by investors buying the dip and banks increasing gold imports to rebuild inventories amid strong retail demand. Meanwhile, gold-backed ETFs in China have attracted +28 tonnes of inflows year-to-date. China's appetite for gold is incredibly strong.

BREAKING: China imported +163 tonnes of gold in May, the largest monthly import since March 2024. This marks the 3rd consecutive month with gold imports exceeding +150 tonnes. As a result, in the first 5 months of 2026, total gold imports rose +76% YoY, to +692 tonnes. This has been driven by strong retail demand for physical bullion bars and gold accumulation plans, low-cost products that allow investors to build up gold holdings gradually over time. Meanwhile, the People's Bank of China added +10 tonnes of gold to its official gold reserves in May, its 19th consecutive monthly purchase, bringing total holdings to a record 2,331 tonnes. China’s demand for gold remains strong.