Gate News message. April 3, according to Solid Intel, Turkey sold about 120 tons of gold within three weeks, worth up to $20 billion, to support its legal tender lira. Of that, it sold about 70 tons of gold last week.

On March 17, London Metal Exchange copper inventories surged to 18,775 tons, hitting the highest level since 2019, putting pressure on copper prices with a short-term decline exceeding 1.4%. On-chain longs faced floating losses, with the largest long position's losses expanding to 41%.

The ratio of U.S. gold reserves to federal debt has fallen to a historic low of just 3%. Despite the U.S. holding 8133.5 metric tons of gold, the world's largest reserve, this represents a significant decline compared to 18% in 1980, requiring a 400% increase in gold prices to reach that level.

Two Indian liquefied petroleum gas vessels successfully transited the Strait of Hormuz, transporting 92,700 tons of cargo. This move stems from international diplomatic negotiations and reduces the risk of U.S. military escort involvement. Analysis suggests that if Tehran permits safe passage, it could restore more than half of the traffic volume through the strait, leading to a decline in crude oil futures prices.

Gate News Report, March 11 — According to Arkham monitoring, Antalpha recently transferred $15 million worth of XAUT to Cobo. It is reported that Antalpha previously purchased $241 million worth of XAUT at an average price of $3,693, equivalent to over 1.8 tons of physical gold bars. Currently, this investment has already yielded a profit of over $100 million.

Gate News Report, on March 7th, the People's Bank of China announced the latest data showing that as of the end of February, gold reserves stood at 74.22 million ounces (approximately 2,308.5 tons), an increase of 30,000 ounces (about 0.93 tons) month-over-month. At the end of January, gold reserves were 74.19 million ounces (approximately 2,307.567 tons). This marks the 16th consecutive month that China’s central bank has increased its gold holdings.

Quantum computing company PsiQuantum has launched the construction of a million-qubit quantum computing facility in Chicago, with 500 tons of steel already assembled. The goal is to commercialize quantum computing and support next-generation AI supercomputers. Scientists warn that quantum computing could threaten Bitcoin's cryptographic security.

On March 5th, the World Gold Council announced that in February, global gold ETF net inflows reached $5.3 billion, marking the ninth consecutive month of capital inflows and setting a record for the best start ever. The total gold asset management scale reached $701 billion, with holdings amounting to 4,171 tons. North America and Asia are the main regions for capital inflows, while Europe experienced outflows due to a selling wave.

BlockBeats News, March 5th, the world's largest gold ETF, SPDR Gold Trust, decreased its holdings by 18 tons compared to the previous day, marking the largest single-day reduction since April 2013. The current holdings are 1081.038 tons. (Jin10)

Ivan Lee of QCP Group stated that Tether's large-scale gold purchases are a strategic treasury decision aimed at reducing correlation with the crypto market and hedging risks. Tether has accumulated approximately 130 tons of gold, accounting for 10% of central bank gold purchase demand during the same period. Investors can mitigate short-term and long-term risks by allocating assets in both gold and Bitcoin.