Gold-backed cryptocurrencies have spiked in value amid the global trade war unleashed by US President Donald Trump’s April 2 tariffs.
Tether Gold ( data-ct-non-breakable=”null” href=”” rel=”null” target=”null” text=”null” title=”null”>XAUT) and Paxos Gold ( data-ct-non-breakable=”null” href=”” rel=”null” target=”null” text=”null” title=”null”>PAXG) reached all-time highs on April 22, with Tether Gold touching $3,529 and Paxos Gold recording a peak of $3,520, data-ct-non-breakable=”null” href=”https://coinmarketcap.com/currencies/pax-gold/” rel=”null” target=”null” text=”null” title=”null”>according to data from CoinMarketCap. Two other gold-backed cryptocurrencies — Quorium (QGOLD) and Kinesis Gold (KAU) — have seen rises of data-ct-non-breakable=”null” href=”https://www.coingecko.com/en/coins/quorium” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/en/coins/quorium”>8.5% and data-ct-non-breakable=”null” href=”https://www.coingecko.com/en/coins/kinesis-gold” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://www.coingecko.com/en/coins/kinesis-gold”>7.6%, respectively, in the past 30 days. All four tokens are up 40% or more in the past 12 months, CoinGecko data…
