The cryptocurrencies supported by raw materials, which are dominated by golden tokens, have experienced a historic increase in the program this week, with striking volumes with their highest point in at least five years.
The jump comes after Gold Futures was negotiated over a summit of $ 3,500 this week, after Switzerland Precious Metals Association warned that the 39% tariffs of the United States on Switzerland could have “a negative impact” on the international physical gold flow. The gold spot and the term contracts fell after the initial thrust, when a White House official told Bloomberg that the president would introduce a clarifying policy that imports of gold bars should not be subject to prices.
However, that did not prevent the golden back tokens from being struck.
The warning has also seen gold-based cryptocurrencies, in particular the gold storm
and paxos gold (Paxg)briefly exceeds $ 3,390 before retreating. The strike volumes, according to Rwa.xyz data, reached $ 439 million during the week, more than double the previous record of $ 195 million observed in 2021.
These tokens, which are supported by physical reserves kept in the chests, allow investors to expose themselves to the precious metal and can be transferred to a chain without crossing borders.
Switzerland, which refines a large part of the gold in the world despite its own mines, exported more than $ 61 billion in metal in the United States in the past year.
This decision sparked a political reaction in Switzerland, some legislators calling on the gold sector to be part of the economic benefits. Precious metal represents more than a quarter of exports from Switzerland, according to data from the Swiss National Bank.
