金牌的加密貨幣在眾人矚目的焦點中享受了片刻，而Tether的Xaut領先

金黃色支持的加密貨幣在眾人矚目的焦點中有了片刻，隨著投資者尋求庇護經濟不確定性，Tether的Xaut帶領了這一目標。

The cryptocurrency market saw limited changes on Friday, with Tether’s XAUT, a tokenized gold asset, leading the gains as investors sought shelter from economic uncertainty.

週五，加密貨幣市場的變化有限，因為投資者尋求庇護經濟不確定性，帶標記的黃金資產XAUT帶領了收益。

The token, which tracks the price of gold, surged 3.4% in the last 24 hours, making it the top-performing digital asset among the major cryptocurrencies. The broader tokenized gold sector also increased by 4.3% during the same period, according to CoinGecko data.

跟踪黃金價格的代幣在過去24小時內飆升了3.4％，使其成為主要加密貨幣中表現最好的數字資產。根據Coingecko數據，同一時期內，更廣泛的代幣化黃金行業也增加了4.3％。

In contrast, the CoinDesk 20, which follows the largest digital assets, went down by 2%.

相比之下，遵循最大數字資產的Coindesk 20下降了2％。

Among the major cryptocurrencies, only Stellar’s (LUMEN) token showed significant gains of 7.4%, potentially due to a partnership announcement with Chainlink (LINK).

在主要的加密貨幣中，只有Stellar的（Lumen）令牌顯示出7.4％的顯著增長，這可能是由於與Chainlink（Link）的合作夥伴關係公告所致。

Physical gold prices rose to record highs on Friday, trading above $3,200 in Hong Kong following a breach of all-time highs during U.S. trading hours.

週五，實物黃金價格上漲了高高，在美國交易時間裡違反了歷史最高高點後，在香港的交易價格高於3,200美元。

The precious metal is set to increase by about 5.5% week-on-week as global investors are turning to the traditional safe haven amid a backdrop of economic uncertainty and geopolitical tensions.

隨著全球投資者在經濟不確定性和地緣政治緊張局勢的背景下，全球投資者轉向傳統的避風港，貴金屬將增加約5.5％。

Gold typically rallies during periods of economic or geopolitical uncertainty, recognized as a reliable store of value in volatile market conditions.

黃金通常在經濟或地緣政治不確定性時期集會，被認為是在揮發性市場條件下可靠的價值存儲。

While there has been some de-escalation in trade tensions, investors remain apprehensive about unpredictable policy decisions from the White House.

儘管貿易緊張局勢有些降低，但投資者仍然對白宮的不可預測的政策決策感到擔憂。

Moreover, gold shares an inverse relationship with interest rates. When rates are lower, the opportunity cost of holding non-yielding gold diminishes, making it a more appealing investment option for investors.

此外，黃金與利率有著反比的關係。當利率較低時，持有非收益黃金的機會成本會減少，這使得它是投資者更具吸引力的投資選擇。

A significant factor contributing to gold’s rally is the mounting concern about the U.S. budget deficit.

促成黃金集會的一個重要因素是對美國預算赤字的越來越關注。

As of mid-fiscal year 2025, the deficit has expanded by $1.3 trillion, placing it on track to reach $2.6 trillion annually, or roughly 9% of GDP.

截至2025年周五中期，赤字增加了1.3萬億美元，使其步入正軌，每年達到2.6萬億美元，約佔GDP的9％。

Furthermore, the independence of the Federal Reserve is being questioned. On April 9, U.S. Supreme Court Chief Justice John Roberts reversed a lower court ruling that had temporarily allowed President Trump’s administration to fire members of independent agencies.

此外，美聯儲的獨立性正在受到質疑。 4月9日，美國最高法院首席法官約翰·羅伯茨（John Roberts）扭轉了一項下級法院裁決，該裁決暫時允許特朗普總統政府解僱獨立機構的成員。

This action might enable Trump to remove Fed Chair Jerome Powell, potentially leading to further instability in financial markets.

這項行動可能使特朗普能夠撤離美聯儲的杰羅姆·鮑威爾（Jerome Powell），這有可能導致金融市場的進一步不穩定。

U.S. inflation data showed some cooling in March, with the Consumer Price Index increasing by 0.1%, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.

美國通貨膨脹數據顯示，三月份有些冷卻，消費者價格指數增加了0.1％，使12個月的通貨膨脹率為2.4％，低於2月的2.8％。

Despite this, traders are pricing in three or four interest rate cuts by the end of the year, which could provide additional support for gold prices.

儘管如此，到今年年底，交易者仍以三到四個降低利率的價格定價，這可以為黃金價格提供額外的支持。

The escalating U.S.-China trade war continues to generate anxiety in the market. The White House confirmed on Thursday that President Trump has raised tariffs on Chinese goods to 145%.

不斷升級的美國 - 中國貿易戰繼續在市場上引起焦慮。白宮週四證實，特朗普總統已將中國商品的關稅提高到145％。

In response, China quickly imposed 84% tariffs on U.S. imports and has been strengthening ties with Europe and Asia to mitigate the economic pressure.

作為回應，中國迅速對美國進口徵收84％的關稅，並一直在加強與歐洲和亞洲的聯繫以減輕經濟壓力。

Asian equity markets showed mixed performance in response to these developments. Hong Kong’s Hang Seng decreased by 0.2%, Shanghai’s SSE went up by 0.12%, Taipei’s TAIEX rose by 1.6%, and Tokyo’s Nikkei 225 fell by 3.5%.

亞洲股票市場在響應這些發展方面表現出不同的績效。香港的Hang Seng下降了0.2％，上海的SSE增長了0.12％，台北的Taiex上升了1.6％，東京的Nikkei 225下降了3.5％。

Meanwhile, China’s state media has reported that stimulus measures are being planned, including interest rate cuts and government spending of approximately $136 billion.

同時，中國的州媒體報告說，正在計劃採取刺激措施，包括降低利率和政府支出約為1360億美元。

Among other notable movers in the crypto market, Curve DAO’s CRV token experienced a surge of 18% following news that the U.S. aims to relax rules and enforcement related to Decentralized Finance (DeFi).

在加密貨幣市場中的其他著名搬家中，曲線DAO的CRV代幣經歷了18％的速度，此消息是美國旨在放鬆與分散融資（DEFI）相關的規則和執法。

Technical analysis suggests that gold prices may continue their upward trend. The 14-day Relative Strength Index is nearing the overbought region at 70, indicating that there may still be potential for further increases before buyers become exhausted.

技術分析表明，黃金價格可能會繼續其上升趨勢。 14天的相對強度指數正接近70的過失區域，表明在買家疲憊之前，仍有可能進一步增加。

The immediate resistance level for gold is at $3,250, with the possibility of reaching $3,300 if the momentum persists.

黃金的直接電阻水平為3,250美元，如果勢頭持續下去，則可能達到3,300美元。