Gold price reaches $5,311 as Tether amasses 130 tons and Coinbase promotes futures access

As spot gold climbed to a record $5,311 per ounce on Wednesday, Tether increased its physical bullion reserves to about 130 metric tons while also backing its XAUt token with separate holdings. At the same time, Coinbase has been spotlighting its support for gold and other metal futures trading as Bitcoin stays below $90,000 and trails the metal's performance.