在貴金屬的歷史集會上

Pax Gold（Paxg）和Tether Gold（XAUT）從貴金屬的上升中受益匪淺，兩者都符合黃金的現貨價格上漲約10％。

Cryptocurrencies that are backed by gold have outperformed the rest of the market during a historic rally for the precious metal, which is up around 9.7% so far this year to a new record of $2,880 per ounce amid growing trade war tensions.

在貴金屬的歷史性集會期間，由黃金支持的加密貨幣表現優於市場的其餘部分，而今年迄今為止，在不斷增長的貿易戰爭緊張局勢的情況下，今年迄今為止的加密貨幣高達9.7％。

PAX gold (PAXG) and Tether gold (XAUT) have both benefitted greatly from the precious metal's rise, both rising roughly 10% in line with the spot price of gold. Each of these tokens is backed by one troy ounce of gold stored in a vault.

Pax Gold（PAXG）和Tether Gold（XAUT）都從貴金屬的上升中受益匪淺，兩者均與黃金的現貨價格相符約10％。這些代幣中的每一個都由一個庫存在保險庫中的一盎司金盎司的支持。

Unsurprisingly, in the traditional market, gold miners' stocks have also surged. VanEck Gold Miners ETF (GDX), an exchange-traded fund (ETF) that tracks gold miners, has risen nearly 20% this year, outperforming the S&P 500.

毫不奇怪，在傳統市場中，黃金礦工的股票也激增。 Vaneck Gold Miners ETF（GDX）是一家追踪金礦礦工的交易所交易基金（ETF），今年已上漲了近20％，表現優於標準普爾500指數。

The price action has seen the supply of these tokens grow, with token mints outpacing burns by millions of dollars weekly. Transfer volumes for gold-backed cryptocurrencies, according to RWA.xyz data, have meanwhile surged more than 53.7% month over month.

價格動作使這些代幣的供應增長了，代幣的造幣廠每週超過數百萬美元的燃燒。根據RWA.XYZ的數據，同時超過53.7％的一個月，金額的加密貨幣的轉移量已飆升超過53.7％。

Gold's price has risen this year over tariff threats from both the U.S. and China, the Spring Festival holidays in the latter country and a broader trend of growing demand. Last year, demand for the precious metal hit 4,945.9 tons, worth around $460 billion, according to the World Gold Council.

黃金的價格今年對美國和中國的關稅威脅，後一個國家的春節假期以及需求不斷增長的趨勢上漲。根據世界黃金委員會的數據，去年，對貴金屬的需求達到了4,945.9噸，價值約4600億美元。

Meanwhile, most major cryptocurrencies have struggled so far this year. Bitcoin saw a modest 3.6% rise, leading the bitcoin-gold ratio to a 12-week low, while ether is down more than 17.6%. The CoinDesk 20 index is up just around 0.5%.

同時，到目前為止，大多數主要的加密貨幣都在掙扎。比特幣的增長3.6％，使比特幣金的比率達到12週低，而以太幣則下降了17.6％以上。 Coindesk 20指數剛剛上升略大於0.5％。

“Gold's rally and bitcoin's dip aren't a failure of the 'digital gold' narrative – they're a setup,” Mike Cahill, core contributor to the Pyth Network, told CoinDesk in a written statement. “Right now, trade war fears and a strong dollar are fleeing a flight to traditional safe havens, but once liquidity returns and risk appetite rebounds, bitcoin could catch up in a big way.”

Pyth Network的核心貢獻者Mike Cahill在書面聲明中對Coindesk表示：“黃金的集會和比特幣的下降並不是'數字黃金'敘事的失敗 - 它們是設置的失敗。” “目前，貿易戰的恐懼和強勁的美元正在逃往傳統的安全避風港的航班，但是一旦流動性恢復並冒險偏愛，比特幣可能會大大趕上。”

“Smart investors know BTC is still the hardest asset next to gold, and when Trump's pro-crypto stance materializes into actual policy, bitcoin stands to benefit massively,” he said.

他說：“聰明的投資者知道，BTC仍然是黃金旁邊最困難的資產，當特朗普的親克賴特（Crypto）立場實現實際政策時，比特幣將巨大的利益。”