Tokenized Gold Drops $1,000 in One Month from Historic High

PAXG0.05%
XAUT0.04%
Gate News bot message, On February 28, tokenized gold products $PAXG and $XAUT reached a historic all-time high of $5,500 for the first time. According to CryptoRank.io, $PAXG traded at a premium of approximately 4% over the spot gold price of $5,278 at that time. One month later on March 28, these tokenized gold assets are trading at $4,500, representing a $1,000 decrease from their peak.
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