Highlights:
- Tether Gold has breached critical resistance and is headed to $3400
- Ongoing rally puts $4000 within reach in the short term
- Rising economic and geopolitical uncertainties make gold attractive to investors
Tether Gold (XAUt) is in the green today, standing out from the sea of red across the cryptocurrency market. Tether Gold was trading at $3378.72 when going to press, up by 1.42% in the day. This reflects the relatively strong year that Bitcoin has had so far.
Tether gold trading volumes are also up strongly in the day, at $28.77 million, up by 99.40% in the last 24 hours. Such a surge in volumes amid rising prices indicates that demand for Tether Gold is growing, which means the price could be higher in the short to medium term. A couple of factors could boost Tether Gold’s price in the future.
Rising Uncertainty Boosts Tether Gold Demand
One of them is the rising uncertainty across the globe. The world is currently in a state of maximum uncertainty. On the one hand, the world has yet to fully price the impact of the tariffs that started in April. The US and China, two of the world’s largest economies, have yet to develop a clear deal on how to co-exist in the global economy. Then there are the military tensions across the globe. The latest of these is tensions between the US and Iran.
Trump responds to questions about the reported tensions rising in the Middle East.
Trump confirms the non-essential US embassy workers near Iran are being moved out, and warns “it could be a dangerous place and we’ll see what happens”.
Let’s pray diplomacy prevails. pic.twitter.com/4jONG8bzwQ
— Clandestine (@WarClandestine) June 11, 2025
All these have seen risk-off asses become increasingly attractive to investors. Given that gold has a proven history as a reliable asset to hold in times of uncertainty, its price has responded positively to these uncertainties. With the latest flare-up in tensions between the US and Iran, the odds are high that global uncertainty will not go away anytime soon. This could mean Tether Gold will likely remain green, even as other cryptocurrencies turn bearish as capital flows away from risk.
Rising Risk of Inflation Likely to Drive Tether Gold Higher
Tether Gold is also likely to get a boost because sovereign debt is getting out of control worldwide. The US is passing a bill that could remove the debt ceiling and lead to more long-term inflation. The implication is that the dollar will likely lose value in the long term. Investors who seek to beat inflation are likely to flock more into gold. That’s because gold and the dollar have an inverse relationship. As such, Tether Gold could see its price increase in the long term, likely outperforming most cryptocurrencies.
US Treasury bought back $10B of its own Bonds.
Largest buy back in American history, these guys want to weaken the Dollar and force a rate cut by any means necessary.#Fundamentalanalysis pic.twitter.com/fyp1MeLp5e
— Chuemelie Chikwado (@chuemelie) June 6, 2025
Ease of Access Makes Tether Gold Attractive to Investors
Tether Gold is also likely to benefit because the average investor cannot easily access physical gold. Also, trading gold CFDs carries excessive risk due to leverage trading. This makes tokenized versions of gold, such as Tether Gold, increasingly attractive to investors. Tether Gold may appear attractive because it is backed by more than 50 tons of physical gold that Tether holds. This ease of access and backing by real gold could increase its price as investors seek to protect value in times of uncertainty.
JUST IN🚨
Tether acquires a 32% stake in gold royalty firm Elemental Altus as part of its strategy to integrate gold and Bitcoin into its ecosystem.🪙🏦 pic.twitter.com/919jHDATZG
— Moby Media (@mobymedia) June 12, 2025
Technical Analysis – Tether Gold Rallies Through Resistance
From the charts, gold has rallied through the $3374.6 resistance with high volumes. If the current momentum continues, Gold could be headed to $4000 in the short term. However, if bulls lose short-term momentum, two scenarios could play out.

The first is a possible consolidation of around $3374.6, which is now supported. In the second scenario, bears take control and push Gold through the $3374.6 price level. In such a scenario, Gold could drop to around $3345.5, which is a more solid support level in the short term. However, with the momentum Gold has built up so far, and the rising uncertainty in the geopolitical space, a rally to $4000 seems more likely.
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