隨著傳統黃金市場的升溫，金黃色支持的加密貨幣正在持續一年。

像Paxos Gold（Paxg）和Tether Gold（XAUT）這樣的代幣分別增長了24.15％和23.7％，年齡達到了新的歷史最高點。

Gold-backed cryptocurrencies are having a stellar year as traditional gold markets heat up.

隨著傳統黃金市場的升溫，金黃色支持的加密貨幣正在持續一年。

What Happened: Tokens like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date, reaching new all-time highs above $3,300 before settling to $3,265 and $3,244.

發生了什麼：像Paxos Gold（Paxg）和Tether Gold（XAUT）這樣的代幣分別上漲了24.15％和23.7％，年齡至今已達到3,300美元以上的新高高，然後售價為3,265美元和3,244美元。

This performance stands in stark contrast to the broader cryptocurrency market. Bitcoin (BTC) has lost more than 11% of its value so far this year. The wider crypto market has fallen by over 30%, based on the CoinDesk 20 (CD20) index.

這種性能與更廣泛的加密貨幣市場形成鮮明對比。迄今為止，比特幣（BTC）損失了其價值的11％以上。根據Coindesk 20（CD20）指數，更廣泛的加密貨幣市場下跌了30％以上。

> Related: Bitcoin ETF AUM Surpasses $25 Billion As Institutional Interest In BTC Remains Strong

>相關：隨著BTC機構興趣仍然很強，比特幣ETF AUM超過250億美元

In the first quarter of 2023, inflows into gold ETFs reached 226.5 tonnes, the highest level since early 2022, according to the World Gold Council. Nearly 60% of that demand came from North America, highlighting a strong regional preference for gold investment vehicles during uncertain economic times.

根據世界黃金委員會的數據，在2023年第一季度，黃金ETF的流入達到226.5噸，是自2022年初以來最高水平。這些需求中有將近60％來自北美，強調了不確定的經濟時期黃金投資工具的強烈偏好。

Gold-backed cryptocurrencies also saw net token minting of over $42.7 million in the first quarter, pushing their total market capitalization to nearly $1.4 billion, according to RWA.xyz.

根據RWA.xyz的數據，黃金支持的加密貨幣在第一季度還看到了超過4270萬美元的淨造幣銷售，將其總市值推向了近14億美元。

The precious metal recently breached the $3,000 mark for the first time, a milestone that experts say could open the door for even greater gains ahead.

貴金屬最近首次違反了3,000美元的分數，這是專家說的里程碑，這是一個可以為未來帶來更大的收益打開大門。

Last week, gold ETFs surpassed bitcoin ETFs in assets under management, a shift that underscores the changing investor sentiment in the digital asset space.

上週，黃金ETF超過了管理資產中的比特幣ETF，這一轉變強調了數字資產領域不斷變化的投資者情緒。

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查看更多：最佳加密貨幣掃描儀

Expert Predictions and Central Bank Influence:

專家預測和中央銀行影響力：

Jeffrey Gundlach, CEO of DoubleLine Capital and known as the ‘Bond King’, predicts that gold's rally is far from over, and the precious metal could yet climb as high as $4,000.

Doubleline Capital的首席執行官Jeffrey Gundlach被稱為“債券之王”，他預測黃金的集會還遠遠沒有結束，而且貴金屬仍可攀升至4,000美元。

“I think gold will make it to $4,000. I’m not sure that’ll happen this year, but I feel like that’s the measured move anticipated by the long consolidation at around $1,800 on gold,” Gundlach said during a macroeconomic outlook presentation.

Gundlach在宏觀經濟的展望中說：“我認為黃金會達到4,000美元。我不確定今年是否會發生，但我覺得這是長期合併的衡量舉動，大約在1,800美元的黃金上。”

His bullish prediction is partly based on changing strategies among global central banks, which have been increasingly adding to their gold reserves, reversing a previous downward trend.

他看漲的預測部分是基於全球央行之間不斷變化的戰略，這些戰略越來越多地增加了他們的黃金儲量，從而扭轉了以前的下降趨勢。

According to IMF data presented by Gundlach, the total amount of gold held globally has increased from around 34 billion Special Drawing Rights (SDR) in 2010 to 40.9 billion SDR, bringing levels back to those last seen between 1975 and 1980.

根據Gundlach提出的IMF數據，全球持有的黃金總量已從2010年的340億特殊繪畫權（SDR）增加到409億SDR，使水平恢復到1975年至1980年之間的最後一個水平。

The tokens are backed by physical gold and track its price. They surged in value as investors sought refuge from uncertainty, such as the escalating U.S.-China trade war.

代幣以實物黃金的支持並跟踪其價格。隨著投資者尋求避難所的不確定性，例如美國 - 中國貿易戰的不確定性，他們的價值激增。

The Appeal of Tokenized Gold:

令牌黃金的吸引力：

Tokenized gold provides crypto investors with exposure to a real-world asset that offers both blockchain-based liquidity and the stability of a traditional asset class. This combination caters to investors seeking both the enduring value of gold and the technological agility of digital assets.

令牌黃金為加密投資者提供了現實世界中的資產，該資產既可以提供基於區塊鏈的流動性和傳統資產類別的穩定性。這種結合迎合了尋求黃金的持久價值和數字資產技術敏捷性的投資者。

For investors aiming to hedge against market volatility or diversify their portfolios, these tokens present an interesting hybrid investment. They merge the classic safe-haven properties of gold with the modern advantages of cryptocurrency.

對於旨在對沖市場波動或多樣化其投資組合的投資者，這些代幣提供了有趣的混合投資。他們將黃金的經典安全性與加密貨幣的現代優勢融合在一起。

The striking performance difference between gold-backed cryptocurrencies and the rest of the market underscores a clear flight to safety as investors navigate volatile market conditions and seek out stable investment vehicles.

隨著投資者在揮發性市場狀況的導航並尋求穩定的投資工具，金牌的加密貨幣與其他市場之間的巨大績效差異強調了安全的飛行。

Special Drawing Rights, which Gundlach highlighted, are international reserve assets created by the International Monetary Fund (IMF) in 1969. They are defined through a basket of currencies and provide a standardized method for comparing reserve holdings across countries.

Gundlach強調的特殊繪畫權是由國際貨幣基金（IMF）於1969年創建的國際儲備資產。它們是通過一籃子貨幣定義的，並提供了一種標準化的方法來比較各個國家的儲備金。

This analysis provides insights into the factors driving investment flows in the current economic climate. As uncertainties persist and central bank policies evolve, these hybrid financial products may continue to attract investors seeking stability and diversification in their portfolios.

該分析提供了對驅動當前經濟環境中投資流量的因素的見解。隨著不確定性的持續存在和中央銀行政策的發展，這些混合金融產品可能會繼續吸引尋求投資組合中穩定和多元化的投資者。