$BTC Gold-backed cryptocurrencies surged amid global trade uncertainty
Gold-backed cryptocurrencies, such as Tether Gold and Paxos Gold, have risen about 7% in the last month as investors seek safe-haven assets.
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Gold-backed cryptocurrencies have seen a significant increase in their value amid the global trade war triggered by the tariffs on April 2 by U.S. President Donald Trump.
Tether Gold (XAUT) and Paxos Gold (PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, according to data from CoinMarketCap. Two other gold-backed cryptocurrencies, Quorium (QGOLD) and Kinesis Gold (KAU), have seen increases of 8.5% and 7.6%, respectively, in the last 30 days. All four tokens have risen 40% or more in the last 12 months, according to data from CoinGecko.
