在美國總統唐納德·特朗普（Donald Trump）的關稅戰爭引起的股票市場不確定性的增長，黃金價格每天都有新的高價

儘管國內投資者還購買了一系列與黃金相關的證券產品，但虛擬資產（與硬幣市場中的黃金價格相關的黃金硬幣）正在引起人們的注意。

Gold prices, considered safe assets, are hitting new highs every day amid stock market uncertainties caused by the U.S.-led tariff war. While domestic investors are also snapping up a slew of gold-linked securities products, virtual assets — gold coins that are pegged to gold prices in the coin market — are drawing attention.

金價被認為是安全的資產，每天都在新的高點，這是由於美國領導的關稅戰爭引起的股票市場不確定性。儘管國內投資者還在搶購了一系列與金幣相關的證券產品，但虛擬資產（與硬幣市場中的黃金價格掛鉤的金幣）正在引起人們的注意。

Gold prices traded on the Korea Exchange (KRX) gold market closed at 152,800 won ($0.13) per gram on Monday. This marks the highest price ever, rising 4.95 percent from the previous trading day and surpassing the 147,820 won recorded on March 5.

週一，韓國交易所（KRX）黃金市場以152,800韓元（0.13美元）的價格交易。這標誌著有史以來最高的價格，比上一個交易日上漲了4.95％，超過了3月5日記錄的147,820韓元。

Gold prices had briefly soared in the run-up to the U.S. presidential election, but soon subsided. On Oct. 23 last year, gold prices rose to 130,000 won per gram, a new all-time high, but fell back to 110,000 won after the U.S. presidential election in November.

黃金價格在美國總統大選的前進中短暫飆升，但很快就消失了。去年10月23日，黃金價格上漲至每克的130,000韓元，這是一個新的歷史最高點，但在11月的美國總統大選後，黃金價格降至110,000韓元。

However, as President Donald Trump took office this year and declared a tariff war, the global stock market has been fluctuating, and gold prices, which are relatively safe assets, are showing a sharp rise.

但是，隨著唐納德·特朗普（Donald Trump）總統今年就職並宣布一場關稅，全球股票市場一直在波動，而相對安全的資產的黃金價格則顯示出急劇上升。

In fact, gold prices were 128,790 won per gram on Jan. 2, the first trading day of this year, but they have risen 18.64 percent in just over a month as they have reached a new high every day since then.

實際上，1月2日，即今年的第一個交易日，黃金價格為每克128,790韓元，但自那時以來，它們每天都達到了一個新的高高，但它們在一個月中的增長率為18.64％。

証券会社各社では、当面は金など貴金属価格の上昇が続くとみている。

證券公司預計，諸如黃金之類的貴金屬價格將繼續上漲。

NH Investment & Securities Hwang Byung-jin researcher said, “The diversification of foreign exchange reserves by central banks around the world, which is hedging the volatility of the U.S. dollar, is particularly concentrated on gold among major quasi-basis currencies.” He added, “Unless there is a sharp turn from the Federal Reserve (Fed) policy to austerity, nominal interest rates and dollar index rise that threaten precious metals sectors such as gold and silver will also be controlled.”

NH Investment＆Securities Hwang Byung-jin研究人員說：“全球中央銀行的外匯儲備的多元化（對沖美元的波動性）尤其集中在主要的準基準貨幣中。”他補充說：“除非美聯儲（美聯儲）政策急劇轉變為緊縮政策，名義利率和美元指數上升，以威脅到貴金屬領域（例如黃金和白銀）。”

Under these circumstances, individual investors have started to sell related products, including gold and exchange-traded funds (ETFs), which use them as underlying assets. This month, individual investors bought a net 19 billion won (about $16 million) worth of gold on the KRX gold market.

在這種情況下，個人投資者已經開始銷售相關產品，包括黃金和交易所資金（ETF），這些產品將其用作基礎資產。本月，個人投資者在KRX黃金市場上購買了價值190億韓元（約合1600萬美元）的黃金。

Investments are also flocking to domestic and foreign gold ETFs. Individual investors net purchased ACE KRX Gold Spot ETFs (139210) worth 32.4 billion won this month. Also, according to the Korea Securities Depository statistics, Seo Hak-ant purchased a net SPDR Gold ETF (GLD) worth $8.82 million (about 12.9 billion won) over the past week (Feb. 1-7).

投資也湧向國內外黃金ETF。個人投資者網絡購買了本月的324億韓元ACE KRX Gold Spot ETF（139210）。此外，根據韓國證券存託統計，SEO HAK-ANT在過去一周（2月1-7日）購買了一個價值882萬美元（約129億韓元）的淨SPDR Gold ETF（GLD）。

In particular, with the recent development of the virtual asset market, “gold coins” that link prices to global gold prices are also emerging as a means of defending uncertainty.

特別是，隨著虛擬資產市場的最新發展，將價格與全球黃金價格聯繫起來的“黃金硬幣”也正在成為捍衛不確定性的一種手段。

According to CoinMarketCap, PAXG and Tether Gold (XAUT) are trading at $2898.18 and $2868.70 as of 10:30 a.m. on Monday, up 2.48 percent and 2.42 percent from the first (US Eastern Time), respectively.

根據CoinMarketCap的數據，截至週一上午10:30，Paxg和Tether Gold（XAUT）的交易價格為2898.18美元和2868.70美元，比第一個（美國東部時間）分別增長了2.48％和2.42％。

On the first, global tariff risks expanded as President Trump signed an executive order to impose tariffs on Canada, Mexico and China. Since that day, major virtual assets have been on the decline, but gold coins have shown a trend of increasing prices.

首先，隨著特朗普總統簽署一項行政命令，向加拿大，墨西哥和中國征收關稅時，全球關稅風險不斷增加。自那天以來，主要的虛擬資產一直在下降，但是黃金硬幣顯示出價格上漲的趨勢。

In fact, Bitcoin has fallen 6.36 percent since this day. Altcoins also plunged all at once. Ethereum fell 21.48 percent, while XRP and solana fell 22.53 percent and 13.93 percent, respectively.

實際上，自今天以來，比特幣下跌了6.36％。 AltCoins也立即崩潰。以太坊下降了21.48％，而XRP和Solana分別下降了22.53％和13.93％。

Both PAXG and XAUT are a kind of stablecoins that are pegged to the global gold market. Just as Tether (USDT) uses U.S. government bonds and dollars as reserves, both coins have real gold as collateral. XAUT, for example, explains that it currently holds 644 gold bars totaling 7667.7 kilograms as collateral.

PAXG和XAUT都是一種固定在全球黃金市場的穩定幣。正如Tether（USDT）使用我們的政府債券和美元作為儲備一樣，兩枚硬幣都具有真正的黃金作為抵押品。例如，XAUT解釋說，目前，它擁有644個金條，總計7667.7千克作為抵押品。

Both coins are linked to the price of 1 troion of gold traded on the London Gold Market Association (LBMA). It was developed to solve the problem that it is difficult to own real gold and the available trading hours vary by country.

這兩枚硬幣都與倫敦黃金市場協會（LBMA）的1款黃金交易價格有關。它的發展是為了解決一個問題，即擁有真正的黃金和可用交易時間因國家而異。