Futures
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Gold
One platform for global traditional assets
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Hot
Trade European-style vanilla options
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Is gold still a "safe haven" for funds?
Just one month ago, on February 28th, the cryptocurrency $XAUT first reached $5,500, marking a milestone in history. Today, March 28th, its trading price is about $4,500. One month. A loss of $1,000.
🔸 Although the world continues to praise gold as a "safe haven asset," the reality on the blockchain tells a different story. It is not always a safe haven. It is not always safe.
🔸 Whether existing on the blockchain in tokenized form or stored in reserves, gold is inevitably affected by supply and demand laws and macroeconomic shocks.