在贵金属的历史集会上

Pax Gold（Paxg）和Tether Gold（XAUT）从贵金属的上升中受益匪浅，两者都符合黄金的现货价格上涨约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.

在贵金属的历史性集会期间，由黄金支持的加密货币表现优于市场的其余部分，而今年迄今为止，在不断增长的贸易战争紧张局势的情况下，今年迄今为止的加密货币高达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）都从贵金属的上升中受益匪浅，两者均与黄金的现货价格相符约10％。这些代币中的每一个都由一个库存在保险库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，在传统市场中，黄金矿工的股票也激增。 Vaneck Gold Miners ETF（GDX）是一家追踪金矿矿工的交易所交易基金（ETF），今年已上涨了近20％，表现优于标准普尔500指数。

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.

价格动作使这些代币的供应增长了，代币的造币厂每周超过数百万美元的燃烧。根据RWA.XYZ的数据，同时超过53.7％的一个月，金额的加密货币的转移量已飙升超过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.

黄金的价格今年对美国和中国的关税威胁，后一个国家的春节假期以及需求不断增长的趋势上涨。根据世界黄金委员会的数据，去年，对贵金属的需求达到了4,945.9吨，价值约4600亿美元。

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%.

同时，到目前为止，大多数主要的加密货币都在挣扎。比特币的增长3.6％，使比特币金的比率达到12周低，而以太币则下降了17.6％以上。 Coindesk 20指数刚刚上升略大于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的核心贡献者Mike Cahill在书面声明中对Coindesk表示：“黄金的集会和比特币的下降并不是'数字黄金'叙事的失败 - 它们是设置的失败。” “目前，贸易战的恐惧和强劲的美元正在逃往传统的安全避风港的航班，但是一旦流动性恢复并冒险偏爱，比特币可能会大大赶上。”

“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.

他说：“聪明的投资者知道，BTC仍然是黄金旁边最困难的资产，当特朗普的亲克赖特（Crypto）立场实现实际政策时，比特币将巨大的利益。”