Gold-backed cryptocurrencies like Tether Gold and Paxos Gold have surged in value due to the trade war initiated by US President Donald Trump. On April 22, Tether Gold reached $3,529 and Paxos Gold hit $3,520, marking all-time highs. Quorium and Kinesis Gold also saw significant increases in the past month. The demand for XAUT is attributed to factors like economic uncertainty and geopolitical tensions. Since Trump's tariff announcement on April 2, the price of gold has risen by 7%. Investors are turning to gold and even Bitcoin as safe havens during uncertain times. The tokenization of real-world assets, including gold, is a growing trend, with Tether Gold and Paxos Gold leading the way. Tokenized gold offers advantages like instant settlements and usability for purchases, making it an attractive investment option. Read more AI-generated news on: https://app.chaingpt.org/news

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