Event JSON
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"tags": [
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"r",
"https://www.coindesk.com/markets/2025/02/05/gold-backed-cryptocurrencies-surge-as-precious-metal-hits-record-amid-trade-war-worry"
],
[
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"Gold-Backed Cryptocurrencies Surge as Precious Metal Hits Record Amid Trade War Worry"
],
[
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"1738773667"
],
[
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[
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"The price of gold has risen to a new record of $2,880 per ounce, driven by growing trade war tensions and a broader trend of growing demand. Gold-backed cryptocurrencies such as PAX gold and Tether gold have benefited from this rise, with their prices increasing 10% in line with the spot price of gold. Meanwhile, traditional gold miners' stocks have also surged, with the VanEck Gold Miners ETF rising nearly 20% this year. The demand for gold has hit 4,945.9 tons, worth around $460 billion, according to the World Gold Council."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqq9sxacsjnfjmzwav4dun5vmmaefretgj6w5cawsj223lc20k8c4sm8nhef\nhttps://cdn.sanity.io/images/s3y3vcno/production/3d3207b4043586e7d9b78882778ac3ae4b9fe61a-1920x1080.png?auto=format\nThe precious metal has rallied nearly 10% so far this year while most top cryptocurrencies struggled to stay in the green.\nhttps://www.coindesk.com/markets/2025/02/05/gold-backed-cryptocurrencies-surge-as-precious-metal-hits-record-amid-trade-war-worry",
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