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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Gold pulls back all the gains from last week as tariff delays combined with a stronger dollar put pressure on gold prices.
On May 27, gold futures prices maintained a downward trend, giving up all the gains of Friday's rebound. However, it is still up nearly 23% year-to-date. Trade Nation analyst David Morrison said in a note that the precious metal's price surged after President Trump announced a new 50% tariff on the European Union on Friday, but gold prices retreated over the weekend after the Trump administration postponed the tariffs for five weeks. Morrison said a stronger dollar on Tuesday brought further downward pressure. He added that despite the decline at the start of the week, overall dollar weakness and market uncertainty still make gold a defensive investment option for traders to watch.