由于唐纳德·特朗普（Donald Trump）总统的关税战争助长了全球性恐惧，风险登机市场在2月下降。

因此，对避风港资产的需求增加，使与黄金相关的投资更高。

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.

随着对总统唐纳德·特朗普（Donald Trump）的关税战争的全球性恐惧增强了对避风港资产的需求，并使与黄金相关的投资提高了更高的需求，风险市场的市场在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.

发生了什么：诸如NASDAQ复合材料和标准普尔500分的蓝芯片索引分别为2.93％和2.96％，而世界上最大的加密货币比特币BTC/USD在一个月内跌幅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.

特朗普宣布对中国，墨西哥和加拿大等美国主要贸易伙伴征收关税，这抑制了风险情绪，批评者声称它将破坏诸如汽车生产和农业等关键部门。

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

因此，对黄金的需求被视为对冲经济不确定性的对冲，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

另请参阅：杰米·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在写作时的交易价格为每盎司1,922.82美元，比上个月增长6.1％，迄今为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.

同样，SPDR Gold Trust ETF GLD是全球最大的物理资金交换基金，在上个月上涨了2.46％，自2025年以来开始了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，尽管加密货币投资者在正在进行的低迷中挣扎，但他们可以选择通过诸如绳索黄金（加密：XAUT）和pax gold paxg/usd的物理黄金的硬币来获得黄金金属的曝光率。

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比本月增长了4.19％，截至年度为8.87％。自2025年初以来，PAXG一个月内增长了3.37％，8.84％上涨了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.

自年初以来，编译的数据揭示了现货黄金和金牌的加密货币的大致相似回报，而GLD ETF则获得了更高的利润。