April 14th news: As the traditional gold market heats up, cryptocurrency investors have followed suit and turned to invest in tokenized versions of this precious metal, which not only provide price exposure but also have digital flexibility. The cryptocurrencies supported by gold such as Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively this year, hitting new highs of more than $3,300, roughly the same as spot gold. Subsequently, their prices fell slightly to $3265 and $3244 respectively. Although gold-backed cryptocurrencies have risen sharply so far this year, the broader crypto market is on a downward trend. Bitcoin has fallen more than 11% so far this year, while the overall cryptocurrency market has fallen a little more than 30%. These tokens, backed by physical gold and tracked their prices, soared as investors seek to avoid uncertainty arising from the escalation of the Sino-US trade war. This move reflects the broader return of gold as a safe-haven asset. According to RWA.xyz, in the first quarter of this year, the net token minting of cryptocurrencies supported by gold exceeded $42.7 million, and combined with the rise in gold prices, its total market value is close to $1.4 billion.