Cryptocurrencies backed by basic products, which are dominated by gold -backed sheets, have seen a historical increase in the broadcast this week, with coined volumes reaching its highest point in at least five years.
The jump occurs after gold futures were negotiated above a historical maximum of $ 3,500 this week, after the Swiss association of precious metals warned that the 39% rates of the United States in Switzerland could have a “negative impact” on the international physical gold flux. Both the gold spot and the future fell after the initial increase, when a White House official told Bloomberg that the president would introduce a policy that clarified that gold -bar imports should not be subject to tariffs.
However, that did not prevent the chips supported by gold being acted.
The warning also saw cryptocurrencies based on gold, including the gold of the mooring layer
and Gold Paxos (PAXG)Briefly exceed $ 3,390 before going back. The minting volumes, according to the RWA.xyz data, reached $ 439 million during the week, more than the previous record of $ 195 million seen in 2021.
These tokens, backed by physical reserves held in vaults, allow investors to obtain precious metal exposure and can instantly transferred in the chain without crossing edges.
Switzerland, which refines a large part of the world’s gold despite not having its own mines, exported more than $ 61 billion in metal to the United States during the past year.
The measure has triggered a political reaction in Switzerland, and some legislators ask that the gold sector be part of the economic consequences. The precious metal represents more than a quarter of Switzerland’s exports, according to data from the National Swiss Bank.
