在美国总统唐纳德·特朗普（Donald Trump）的关税战争引起的股票市场不确定性的增长，黄金价格每天都有新的高价

尽管国内投资者还购买了一系列与黄金相关的证券产品，但虚拟资产（与硬币市场中的黄金价格相关的黄金硬币）正在引起人们的注意。

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.

金价被认为是安全的资产，每天都在新的高点，这是由于美国领导的关税战争引起的股票市场不确定性。尽管国内投资者还在抢购了一系列与金币相关的证券产品，但虚拟资产（与硬币市场中的黄金价格挂钩的金币）正在引起人们的注意。

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.

周一，韩国交易所（KRX）黄金市场以152,800韩元（0.13美元）的价格交易。这标志着有史以来最高的价格，比上一个交易日上涨了4.95％，超过了3月5日记录的147,820韩元。

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.

黄金价格在美国总统大选的前进中短暂飙升，但很快就消失了。去年10月23日，黄金价格上涨至每克的130,000韩元，这是一个新的历史最高点，但在11月的美国总统大选后，黄金价格降至110,000韩元。

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，随着唐纳德·特朗普（Donald Trump）总统今年就职并宣布一场关税，全球股票市场一直在波动，而相对安全的资产的黄金价格则显示出急剧上升。

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.

实际上，1月2日，即今年的第一个交易日，黄金价格为每克128,790韩元，但自那时以来，它们每天都达到了一个新的高高，但它们在一个月中的增长率为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。

证券公司预计，诸如黄金之类的贵金属价格将继续上涨。

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研究人员说：“全球中央银行的外汇储备的多元化（对冲美元的波动性）尤其集中在主要的准基准货币中。”他补充说：“除非美联储（美联储）政策急剧转变为紧缩政策，名义利率和美元指数上升，以威胁到贵金属领域（例如黄金和白银）。”

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.

在这种情况下，个人投资者已经开始销售相关产品，包括黄金和交易所资金（ETF），这些产品将其用作基础资产。本月，个人投资者在KRX黄金市场上购买了价值190亿韩元（约合1600万美元）的黄金。

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).

投资也涌向国内外黄金ETF。个人投资者网络购买了本月的324亿韩元ACE KRX Gold Spot ETF（139210）。此外，根据韩国证券存托统计，SEO HAK-ANT在过去一周（2月1-7日）购买了一个价值882万美元（约129亿韩元）的净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.

特别是，随着虚拟资产市场的最新发展，将价格与全球黄金价格联系起来的“黄金硬币”也正在成为捍卫不确定性的一种手段。

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.

根据CoinMarketCap的数据，截至周一上午10:30，Paxg和Tether Gold（XAUT）的交易价格为2898.18美元和2868.70美元，比第一个（美国东部时间）分别增长了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，随着特朗普总统签署一项行政命令，向加拿大，墨西哥和中国征收关税时，全球关税风险不断增加。自那天以来，主要的虚拟资产一直在下降，但是黄金硬币显示出价格上涨的趋势。

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.

实际上，自今天以来，比特币下跌了6.36％。 AltCoins也立即崩溃。以太坊下降了21.48％，而XRP和Solana分别下降了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都是一种固定在全球黄金市场的稳定币。正如Tether（USDT）使用我们的政府债券和美元作为储备一样，两枚硬币都具有真正的黄金作为抵押品。例如，XAUT解释说，目前，它拥有644个金条，总计7667.7千克作为抵押品。

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.

这两枚硬币都与伦敦黄金市场协会（LBMA）的1款黄金交易价格有关。它的发展是为了解决一个问题，即拥有真正的黄金和可用交易时间因国家而异。