Gold Rally makes the Tether’s XAut top-performing digital asset as crypto markets remain flat
The tokenized gold, such as Tether’s XAut and Paxos’ PAXG continued to be the favorite of Crypto investors in Asia as investors were looking for a safe shelter despite a de-escalation on trade war tensions.
On-chain data shows that Tether’s xauut is a top-10 market performer on all digital assets. Tether’s tokenized gold, the largest by the market cap, reached 3.4% in the last 24 hours.
Coingecko data Displayed sector is up to 4.3% in the last 24 hours, compared to CoinDesk 20An index of performance of the largest digital assets, which drops 2%.
The price of gold initially moved to the early hours of the Asian trading day, after breaking a full time high at the end of the US time. It is Current traders for $ 3218 in Hong Kong.
Asian equity markets have shown mixed -performance in the morning session, along with Hong Kong’s Hang Seng dropped by 0.2%, SSE’s SSE of Shanghai is 0.12%, Taiex’s Taiex Taiex, and Nikkei 225 of Tokyo 225.
Gold is usually rally in periods of increased economic or geopolitical uncertainty, as investors seek safety in properties that are seen as value stores amid volatility. While trading tensions have calmed down, investors are concerned about the lack of predicted policy from the White House.
Gold also benefits from an opposite relationship with interest rates: lower rates reduce the cost of handling non-yielding gold, making it more attractive.
Investors are also concerned about US budget shortages.
Halfway by fiscal year 2025, US budget deficiency increased by $ 1.3 trillion. So up to a $ 2.6 trillion annual rate. That is the twist to an inconvenience -Believing 9% of GDP. The fit is to hit the shan.
– Jeffrey Gundlach (@truthgundlach) April 10, 2025
China State Media also reports that the stimulus measures are in works for the country, with reductions in interest rates and expenditure by the government in the tone of the $ 136 billion proposed.
Other market leaders include Curve Dao’s CRV, up to 18% on-day After news that the US plans to significantly relax the rules and implementation pertaining to decentralized finances (DEFI).
