I noticed an interesting movement in the market — gold-backed crypto tokens have surged in price. PAXG and Tether Gold are currently trading around $4.55k per unit, and this is not a random movement. Against the backdrop of trading tensions between the US and China, investors are massively shifting into safe assets, and gold is becoming the main magnet.

Trading volumes of crypto gold have increased by more than 50% over the month, and trading activity has reached billions of dollars. For comparison: Bitcoin showed a modest 1% growth during the same period, and Ethereum barely increased. It turns out that approximately 70% of capital is seeking such instruments — the stability of physical gold plus the convenience of blockchain.

Traditional gold is also not lagging behind — last year, demand reached $460 billion, and mining companies showed a 20% growth. Gold-backed tokens are interesting because they offer the same protection but without logistics. Each PAXG or XAUT is tied to a real ounce of gold stored in a vault.

Experts say this is a temporary redistribution of capital. When trading risks decrease and risk appetite returns, the crypto market may quickly make up for lost ground. But for now, gold crypto is a clear trend worth monitoring.