In a display of divergent market forces, tokenized gold has joined a broad-based rally, surpassing $3 billion in market cap as physical gold notched its own all-time high.
This surge in precious metals, which also propelled silver to a 13-year peak, unfolds against a tense macroeconomic backdrop of a prolonged US government shutdown.
Surprisingly, the flight to safety has not dampened risk appetite elsewhere. The S&P 500 and Bitcoin also registered record highs, creating a rare scenario where traditional safe havens, equities, and digital assets are all rallying in concert.
Tokenized gold, tracking the spot price closely, is emerging as a key beneficiary at the intersection of these trends.
