Tokenized gold, such as Xaut de Tether and Paxg, Paxg continued to be one of the favorites of cryptographic investors in Asia, since investors seek a safe refuge despite a rediscaling in commercial war tensions.
The data in the chain show that Xaut de Tether was a performance of the 10 best market assets of all digital assets. The Tokenized Gold of Tether, the largest for market capitalization, has increased 3.4% in the last 24 hours.
Coingcko data shows that the sector has increased 4.3% in the last 24 hours, compared to Coendesk 20, an index of the performance of the largest digital assets, which has dropped by 2%.
The price of gold initially fell during the early hours of Asia’s negotiation day, after violating a historical maximum during the end of the United States hours. It is currently quoted for $ 3218 in Hong Kong.
The Variable Income Markets in Asia showed a mixed yield in the morning session, with Hang Kong Hang Seng for 0.2%, the SSE of Shanghai rose 0.12%, Taipei Taiex rose 1.6%and Nikkei 225 of Tokyo by 3.5%.
Gold generally meets during periods of greater economic or geopolitical uncertainty, since investors seek security in assets seen as value stores in volatility. While commercial tensions have calmed down, investors are concerned about the lack of predictability in the policy of the White House.
Gold also benefits from an inverse relationship with interest rates: lower rates reduce the opportunity cost of keeping gold not that it does not win, which makes it more attractive.
Investors are also concerned about the growing US budget deficit.
In the middle of fiscal year 2025, the United States budget deficit increased by $ 1.3 billion. So we have an annual rate of up to $ 2.6 billion. That rounds an incredible 9% of GDP. The adjustment is to hit Shan.
– Jeffrey Gundlach (@truthgundlach) April 10, 2025
The state media of China also report that stimulus measures are in the process for the country, with cuts of interest rates and government expenses for a sum of $ 136 billion proposals.
Other market leaders include the CRV of Curve Dao, 18% in the day after the news that the United States plans to significantly relax the rules and application related to decentralized finances (DEFI).
