Why Aurelion Stock Rose as Gold Fell Before the Memorial Day Break
Aurelion Inc. shares rose 2.9% to $2.52 on Friday, bucking a 0.6% drop in spot gold prices. The Nasdaq-listed firm holds Tether Gold (XAU₮) as its main asset and reported $116.4 million in net asset value as of March 31. Trading volume was 27,910 shares, with a market cap near $96.7 million. Gold demand in India and China remained weak, according to Reuters.