According to Foresight News and CoinDesk, driven by rising gold prices, Tether's gold token XAUT has become one of the strongest performing digital assets in the past 24 hours. CoinGecko data shows that XAUT rose 3.4%, with the gold token sector overall increasing 4.3%, while the CoinDesk 20 Index fell 2% during the same period.
Despite easing tensions in US-China trade relations, Asian investors continue to prefer allocating gold assets to hedge against US policy uncertainty and expanding budget deficits. Tether's XAUT and Paxos' PAXG remain favored in the market. Currently, gold is trading at $3,218 per ounce in Hong Kong, after reaching a historical high during the US trading session and subsequently pulling back. Gold is typically sought after during periods of geopolitical or economic uncertainty, and lower interest rates make non-yielding assets more attractive.
