Will This Private Company Move the Gold Price?

Nov 25, 2025, 11:40 AM EST

Gold and silver are both stronger this week, with gold above $4,130 and silver near $51. Markets are bracing for a wave of US data over the next 48 hours, from inflation numbers to GDP revisions, and it is already shaping sentiment across currencies and commodities.

There is also movement on the geopolitical front. US and Russian officials have held quiet talks in Abu Dhabi about a possible Ukraine peace path, even as strikes continue. President Trump and President Xi also spoke this week, calling the discussion positive and hinting at progress on trade and wider cooperation. These stories matter because they affect confidence, risk appetite and ultimately gold.

But the most unexpected development is this. A private crypto company has become one of the biggest buyers of physical gold. Tether now holds more than 116 tonnes, which puts it on par with several smaller central banks.

At the same time, central banks continue to buy gold for long-term reasons that have nothing to do with speculation. They want assets that are solid, neutral and independent. When you combine those official flows with this new private buyer, you begin to see a gold market that is changing shape.

Buy Gold Coins

Buy gold coins and bars and store them in the safest vaults in Switzerland, London or Singapore with GoldCore.

Learn why Switzerland remains a safe-haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here.

Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here

About Author

Dave Russell

David is the CEO of GoldCore. Until Summer 2023 he was the Director of Marketing and Communications, responsible for all marketing and communications strategies and branding. David joined GoldCore in 2008 as Director of Business Development and later took over as Director of Marketing and Communications in 2020. Prior to this Dave managed and operated his own Marketing Agency and completed multiple coaching qualifications. "Working for GoldCore gives you a fantastic lens through which to view global financial and geopolitical developments. I am very proud to be part of a company that contributes to increasing investors understanding of these developments." When he’s not at work, David is passionate about sailing and has completed the ‘Round Ireland Yacht Race’ twice.