Gold prices have been setting new records one after another for a year. This fired the token transaction that follows their values.
Tether Gold (Xaut) and Paxos Gold (Paxg), the main crypto-actives that maintain the value of Gold, reached his historic deal last week.
Paxg Weekly Trading hits a record of USD 82 million. Until then, its highest level was US$715 million more than a year ago.
In correlation, Xaut’s weekly trading reached a historic up to US$267 million, and was registered as a new record for the second consecutive week after surpassing Pico de USD 179 nine months ago.
Yes OK Paxg’s records are significantly higher than Xaut’s. It should be noted that he made a general weekly deal last year. This can be distinguished by the following graphics:
As shown below, Xaut’s most sustained volume last year allowed him to have a similar market capitalization to Paxg. In fact, it’s just slightly beyond that.
Tether Gold is a gold token with more capital letters
Xaut is a gold token with the largest market capitalizationthis is USD 826 million. PAXG will then continue at US$765 million. On the other hand, its circulating supply is similar, with a first 246,520 units and a second 228,760, as shown below.
In such capital letters, it is located at positions 71 and 79 of the largest encryption ranking. It should be noted that capitalization multiplies the total amount of units in the circulation of assets by its price.
Both Paxg and Xaut’s son Stablecoinsthat is, crypto-active ones with the same price as the asset. In their case, they are the same as ounces of gold.
That’s why, like with ounces of gold this week, each price hit a record of USD 3,300. As the following graph shows, its prices have risen for over a year when they broke their previous maximums in 2020.
These assets are tokens, unlike cryptocurrencies, because they don’t have their own network, but in that case they work for Ethereum.
As their full names progress Tether Gold is issued by Tethercompanies with Stablecoin are pinned to US dollars with greater capitalization, Tether (USDT). Pax Gold belongs to Paxos, a company that has stubcoins that follow the value of US currency.
There are strong expectations for money
New forecasts from large financial institutions show that gold and transfer techniques following prices could be a good investment this year. As reported by Cryptonoticia, both Goldman Sachs Bank and UBS Group issued a new bull forecast for The Precious Metal last week.
Goldman Sachs analysts have raised their third annual gold price forecast. now, USD 3,700 by the end of 2025 and USD 4,000 by mid-2026. However, in the case of extreme risk aversion, they can even arrive at US$4,500 in December.
UBS strategist Joni Teves uploaded his target to US$3,500 per ounce in December 2025. As Goldman Sachs experts, they base their estimates of growing market demand as evacuations against economic instability.
The President of the United States, Donald Trump is applying new imports to imports Since he had assumed it three months ago. This policy aims to boost national industries and negotiate better international commercial terms. However, they can involve higher prices of the product, which creates the expectations of inflation and the fear of recession.
Countries on the Trump list were interested in negotiations and took the president to tariffs for 90 days. However, this was not the case in China, but taxes increased and tariff retaliation was handled.
Anyway, China shows signs they want to negotiate this weekhalts mildly commentary on the government under certain conditions, such as the Trump administration. Therefore, advances in this scenario could lead to the market continuing to have high volatility.
The tariff war has affected the demand for action and the demand for Bitcoin (BTC), which has lost its historic maximum reached at the beginning of the year. Meanwhile, gold and their tokens were motivated.
(tagstotranslate) Cryptocurrency
