黃金支持的 PAXG 在地緣政治中飆升，比特幣失去了避風港的光芒

隨著中東地緣政治緊張局勢推動避險需求，以黃金為支撐的數位資產 PAX Gold (PAXG) 飆升。週六，PAXG 觸及 2,923 美元的高點，較黃金市場價格溢價超過 20%。相較之下，隨著投資者尋求黃金避難，比特幣和其他加密貨幣下跌，PAXG 成為市場對地緣政治風險情緒的領先指標。

Gold-Backed Digital Asset PAXG Surges Amidst Geopolitical Tensions, Bitcoin Loses Haven Status

黃金支持的數位資產PAXG在地緣政治緊張局勢中飆升，比特幣失去避風港地位

New York, NY - Prices for PAX Gold (PAXG), a digital asset backed by physical gold and issued by Paxos, experienced a significant surge over the weekend as heightened geopolitical tensions in the Middle East fueled demand for safe-haven assets.

紐約州紐約- 由於中東地緣政治緊張局勢加劇，刺激了對避險資產的需求，PAX Gold（PAXG）的價格在周末大幅上漲，PAX Gold（PAXG）是一種由實物黃金支持、由Paxos 發行的數位資產。

On Saturday, PAXG reached an intraday high of $2,923, representing a premium of over 20% to the prevailing spot price of gold at Friday's close, which stood at $2,342.90 per ounce. As of the time of writing, PAXG still commands a substantial premium, trading at $2,471.

週六，PAXG 觸及 2,923 美元的盤中高點，較週五收盤時的現貨黃金價格（每盎司 2,342.90 美元）溢價超過 20%。截至撰寫本文時，PAXG 仍具有可觀的溢價，交易價格為 2,471 美元。

The surge in PAXG prices coincides with escalating tensions between Iran and Israel following retaliatory strikes by Iran over an alleged Israeli attack on its consulate in Syria. Iran has threatened a more forceful response to any further aggression, raising concerns about potential conflicts in the region.

PAXG 價格飆升之際，伊朗和以色列之間的緊張局勢不斷升級，伊朗因據稱以色列襲擊其駐敘利亞領事館而對其進行報復性打擊。伊朗威脅將對任何進一步的侵略行為做出更強有力的反應，引發了人們對該地區潛在衝突的擔憂。

Meanwhile, Bitcoin (BTC) and other major cryptocurrencies have traded under pressure in the wake of these geopolitical developments. On Sunday, Iran launched explosives at Israel, prompting a warning from Israeli officials that they would respond to Iran's retaliatory actions.

同時，隨著這些地緣政治的發展，比特幣（BTC）和其他主要加密貨幣的交易面臨壓力。週日，伊朗向以色列發射了爆炸物，以色列官員警告稱，他們將對伊朗的報復行動做出回應。

With a market capitalization exceeding $446 million, PAXG ranks as the second-largest tokenized gold coin globally, trailing Tether Gold (XAUT), which boasts a market capitalization of $581.9 million. However, PAXG's weekend rally did not extend to XAUT or other gold-backed tokens.

PAXG 的市值超過 4.46 億美元，是全球第二大代幣化金幣，僅次於市值 5.819 億美元的 Tether Gold (XAUT)。然而，PAXG 的周末反彈並未延伸到 XAUT 或其他黃金支持的代幣。

Market participants have closely monitored the price movements of PAXG and BTC over the weekend, with some speculating that the inverse correlation between the two assets could be a harbinger of future market trends. Andy Constan, founder of macroeconomic research firm Damped Spring, noted that the crypto market's 24/7 availability makes it a potential indicator for broader market reactions.

市場參與者週末密切關注 PAXG 和 BTC 的價格走勢，有些人猜測這兩種資產之間的負相關性可能是未來市場趨勢的預兆。宏觀經濟研究公司 Damped Spring 的創辦人 Andy Constan 指出，加密貨幣市場的 24/7 可用性使其成為更廣泛市場反應的潛在指標。

However, Bob Elliot, former executive at Bridgewater and CIO of Unlimited Funds, contends that BTC's negative correlation with PAXG during the weekend episode undermines its credibility as a geopolitical hedge. Elliot maintains that BTC lacks the characteristics of a reliable safe-haven asset, becoming an increasingly poor hedge over time.

然而，Bridgewater 前高管兼 Unlimited Funds 首席資訊長 Bob Elliot 認為，週末期間 BTC 與 PAXG 的負相關性削弱了其作為地緣政治對沖工具的可信度。艾略特認為，比特幣缺乏可靠的避險資產的特徵，隨著時間的推移，它的對沖作用越來越差。

Analysts at Goldman Sachs recently revised their year-end price forecast for gold to $2,700, up from their previous estimate of $2,300. The analysts believe that the momentum and retail investor participation in the gold market remain relatively subdued.

高盛分析師最近將年底黃金價格預測從先前的 2,300 美元上調至 2,700 美元。分析師認為，黃金市場的動能和散戶的參與仍然相對疲軟。

The contrasting performance of PAXG and BTC highlights the differing perceptions of these assets in the current market environment. Gold has historically been regarded as a safe-haven asset during times of uncertainty, while Bitcoin has been promoted as a digital safe haven, but its recent negative correlation with traditional havens like gold raises questions about its efficacy in this role.

PAXG 和 BTC 的比較表現凸顯了當前市場環境下對這些資產的不同看法。黃金歷來被視為不確定時期的避險資產，而比特幣則被宣傳為數位避險資產，但其最近與黃金等傳統避險資產的負相關性引發了人們對其這一角色功效的質疑。