Gold-Backed Crypto Surges Amidst Global Economic Uncertainty

The value of gold-backed cryptocurrencies has surged in recent weeks, fueled by heightened global economic uncertainty and the impact of President Trump’s trade tariffs. Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, exceeding $3,500 per token, according to CoinMarketCap data. Other gold-backed cryptocurrencies, Quorium (QGOLD) and Kinesis Gold (KAU), have also experienced significant gains in the past month.