As of the latest data, Tether Gold is trading at approximately the spot price of one troy ounce of gold, with a 24-hour change reflecting gold market dynamics. Its market capitalisation aligns with the value of physical gold backing its circulating supply of 246,524 tokens, ranking it No.69 amongst cryptocurrencies.[3][5]
In the last 7 days, XAUT moved from around $2,500 to $2,600 per token (tracking gold spot prices), reflecting a +4% change. This trend indicates bullish recovery tied to gold's strength as an inflation hedge.[3][4]
According to the 7-day price chart, XAUT has experienced an uptrend. Analysts note that this mirrors gold market momentum amid economic uncertainty, providing stability in crypto portfolios.[3][5]
The key drivers behind XAUT's recent price trend include:
Tether Gold reached an all-time high (ATH) of over $3,000 per token during peak gold rallies and an all-time low (ATL) near $1,500 amid market downturns. Comparing its historical extremes with the recent 7-day trend helps put XAUT's low-volatility profile into perspective, as each token represents one troy ounce of London Good Delivery gold stored in Switzerland.[3][4][5]
Whilst no forecast is certain, analysts are watching XAUT's key support and resistance levels at $2,450 and $2,700. Market commentary suggests positive short- to mid-term outlook driven by gold's safe-haven demand and Tether ecosystem growth.[3][4]
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