随着传统黄金市场的升温，金黄色支持的加密货币正在持续一年。

像Paxos Gold（Paxg）和Tether Gold（XAUT）这样的代币分别增长了24.15％和23.7％，年龄达到了新的历史最高点。

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

随着传统黄金市场的升温，金黄色支持的加密货币正在持续一年。

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.

发生了什么：像Paxos Gold（Paxg）和Tether Gold（XAUT）这样的代币分别上涨了24.15％和23.7％，年龄至今已达到3,300美元以上的新高高，然后售价为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.

这种性能与更广泛的加密货币市场形成鲜明对比。迄今为止，比特币（BTC）损失了其价值的11％以上。根据Coindesk 20（CD20）指数，更广泛的加密货币市场下跌了30％以上。

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

>相关：随着BTC机构兴趣仍然很强，比特币ETF AUM超过250亿美元

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.

根据世界黄金委员会的数据，在2023年第一季度，黄金ETF的流入达到226.5吨，是自2022年初以来最高水平。这些需求中有将近60％来自北美，强调了不确定的经济时期黄金投资工具的强烈偏好。

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.

根据RWA.xyz的数据，黄金支持的加密货币在第一季度还看到了超过4270万美元的净造币销售，将其总市值推向了近14亿美元。

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.

贵金属最近首次违反了3,000美元的分数，这是专家说的里程碑，这是一个可以为未来带来更大的收益打开大门。

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

上周，黄金ETF超过了管理资产中的比特币ETF，这一转变强调了数字资产领域不断变化的投资者情绪。

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查看更多：最佳加密货币扫描仪

Expert Predictions and Central Bank Influence:

专家预测和中央银行影响力：

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的首席执行官Jeffrey Gundlach被称为“债券之王”，他预测黄金的集会还远远没有结束，而且贵金属仍可攀升至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在宏观经济的展望中说：“我认为黄金会达到4,000美元。我不确定今年是否会发生，但我觉得这是长期合并的衡量举动，大约在1,800美元的黄金上。”

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.

他看涨的预测部分是基于全球央行之间不断变化的战略，这些战略越来越多地增加了他们的黄金储量，从而扭转了以前的下降趋势。

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.

根据Gundlach提出的IMF数据，全球持有的黄金总量已从2010年的340亿特殊绘画权（SDR）增加到409亿SDR，使水平恢复到1975年至1980年之间的最后一个水平。

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.

代币以实物黄金的支持并跟踪其价格。随着投资者寻求避难所的不确定性，例如美国 - 中国贸易战的不确定性，他们的价值激增。

The Appeal of Tokenized Gold:

令牌黄金的吸引力：

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.

令牌黄金为加密投资者提供了现实世界中的资产，该资产既可以提供基于区块链的流动性和传统资产类别的稳定性。这种结合迎合了寻求黄金的持久价值和数字资产技术敏捷性的投资者。

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.

对于旨在对冲市场波动或多样化其投资组合的投资者，这些代币提供了有趣的混合投资。他们将黄金的经典安全性与加密货币的现代优势融合在一起。

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.

随着投资者在挥发性市场状况的导航并寻求稳定的投资工具，金牌的加密货币与其他市场之间的巨大绩效差异强调了安全的飞行。

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强调的特殊绘画权是由国际货币基金（IMF）于1969年创建的国际储备资产。它们是通过一篮子货币定义的，并提供了一种标准化的方法来比较各个国家的储备金。

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.

该分析提供了对驱动当前经济环境中投资流量的因素的见解。随着不确定性的持续存在和中央银行政策的发展，这些混合金融产品可能会继续吸引寻求投资组合中稳定和多元化的投资者。