由於唐納德·特朗普（Donald Trump）總統的關稅戰爭助長了全球性恐懼，風險登機市場在2月下降。

因此，對避風港資產的需求增加，使與黃金相關的投資更高。

Risk-on markets tumbled in February as global trepidation over President Donald Trump's tariff war boosted demand for safe haven assets and sent gold-related investments higher.

隨著對總統唐納德·特朗普（Donald Trump）的關稅戰爭的全球性恐懼增強了對避風港資產的需求，並使與黃金相關的投資提高了更高的需求，風險市場的市場在2月跌落。

What Happened: Blue-chip indexes like the Nasdaq Composite and the S&P 500 slid 2.93% and 2.96%, respectively, while Bitcoin BTC/USD, the world's largest cryptocurrency, tanked 22% in a month.

發生了什麼：諸如NASDAQ複合材料和標準普爾500分的藍芯片索引分別為2.93％和2.96％，而世界上最大的加密貨幣比特幣BTC/USD在一個月內跌幅22％。

Trump's declaration to impose tariffs on major U.S. trade partners, such as China, Mexico, and Canada, has dampened risk sentiment, with critics claiming that it will disrupt critical sectors like auto production and agriculture.

特朗普宣布對中國，墨西哥和加拿大等美國主要貿易夥伴徵收關稅，這抑制了風險情緒，批評者聲稱它將破壞諸如汽車生產和農業等關鍵部門。

Accordingly, demand for gold, seen as a hedge against economic uncertainty, rose.

因此，對黃金的需求被視為對沖經濟不確定性的對沖，上升了。

See Also: Jamie Dimon Was A Believer In Smart Contract Cryptos Long Before JPMorgan Hit The Buy Button On Ethereum ETFs: Here’s What The CEO Said

另請參閱：傑米·戴蒙（Jamie Dimon）在摩根大通（JPMorgan

Spot gold traded at $1,922.82 per ounce at the time of writing, up 6.1% from the previous month and 8.8% year to date.

Spot Gold在寫作時的交易價格為每盎司1,922.82美元，比上個月增長6.1％，迄今為8.8％。

Similarly, SPDR Gold Trust ETF GLD, the world's largest physically-backed gold exchange-traded fund, gained 2.46% in the last month and 9.42% since 2025 began.

同樣，SPDR Gold Trust ETF GLD是全球最大的物理資金交換基金，在上個月上漲了2.46％，自2025年以來開始了9.42％。

Interestingly, while cryptocurrency investors struggled in the ongoing downturn, they had the option of gaining exposure to the yellow metal via physical gold-backed coins such as Tether Gold (CRYPTO: XAUt) and PAX Gold PAXG/USD.

有趣的是，儘管加密貨幣投資者在正在進行的低迷中掙扎，但他們可以選擇通過諸如繩索黃金（加密：XAUT）和pax gold paxg/usd的物理黃金的硬幣來獲得黃金金屬的曝光率。

XAUt was up 4.19% over the month and 8.87% year-to-date. PAXG rose 3.37% in a month and 8.84% since the beginning of 2025.

XAUT比本月增長了4.19％，截至年度為8.87％。自2025年初以來，PAXG一個月內增長了3.37％，8.84％上漲了8.84％。

The compiled data revealed broadly similar returns by spot gold and gold-backed cryptocurrencies since the beginning of the year, while the GLD ETF generated a higher profit.

自年初以來，編譯的數據揭示了現貨黃金和金牌的加密貨幣的大致相似回報，而GLD ETF則獲得了更高的利潤。