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CoinDesk - by layer3.news
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2025-02-05 16:43:01
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Gold-Backed Cryptocurrencies Surge as Precious Metal Hits Record Amid Trade War Worry


CoinDesk (nprofile…nhef)
✍️ Gold-backed cryptocurrencies are outperforming the market amid a historic rally for gold, with PAX gold and Tether gold rising 10% in line with the spot price of gold.
👉 PAX gold and Tether gold have risen 10% in line with the spot price of gold
👉 Traditional gold miners' stocks have 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

#MikeCahill #business
CoinDesk (nprofile…nhef)

The precious metal has rallied nearly 10% so far this year while most top cryptocurrencies struggled to stay in the green.
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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