Gold-backed cryptocurrencies like Tether Gold (XAUT) and Paxos Gold (PAXG) hit record highs amid the global trade war sparked by President Donald Trump's new tariffs. Tether Gold reached $3,529 and Paxos Gold peaked at $3,520. Other tokens, Quorium (QGOLD) and Kinesis Gold (KAU), also surged. Gold prices rose 7% in under a month, while Bitcoin (BTC) jumped 14%. Meanwhile, the real-world asset (RWA) tokenization market reached a capitalization of $21.6 billion.