Tokenization of gold performs strongly in a falling market, leading to a surge in demand.

ForesightNews · 2025-04-11T08:26:51+00:00

The gold token XAUT issued by Tether stands out under the rise in gold prices, performing well within 24 hours. Asian investors are opting to allocate gold assets due to increased uncertainty from the easing of tensions in China-U.S. trade relations. XAUT is favored in the market alongside Paxos' PAXG. The price of gold in Hong Kong is $3,218 per ounce, reflecting investors' aversion to geopolitical and economic uncertainties.

ForesightNews

2025-04-11 08:26:51

Abstract generation in progress

Foresight News reports that, driven by the rise in gold prices, Tether’s gold token XAUT has become one of the strongest performing digital assets in the past 24 hours, according to CoinDesk. CoinGecko data shows that XAUT has pumped 3.4%, while the overall gold token zone has risen by 4.3%, and the CoinDesk 20 index has fallen by 2% during the same period. Despite the easing of Sino-US trade tensions, Asian investors still tend to allocate towards gold assets to hedge against uncertainties in US policy and an expanding budget deficit. Tether’s XAUT and Paxos’ PAXG continue to be favored in the market. Currently, gold is reported at $3218 per ounce in Hong Kong, having retreated after reaching a historical high during US trading hours. Gold is typically sought after during periods of heightened geopolitical or economic uncertainty, and a decline in interest rates makes non-yielding assets more attractive.

XAUT1.09%

USDP0.05%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.