XAUt (Tether Gold) increased by 1.22% in the last 24 hours.

Gate News Bot News, September 16, according to CoinMarketCap data, as of the time of writing, XAUt (Tether Gold) is currently priced at $3681.50, with a rise of 1.22% in the last 24 hours, reaching a high of $3687.45 and a low of $3616.78. The 24-hour volume reached $59.2 million. The current market capitalization is approximately $908 million, an increase of $10.9 million compared to yesterday.

Tether Gold (XAUt) is a digital token backed by physical gold. By placing gold on the blockchain, XAUt unlocks various characteristics that are typically only associated with crypto assets. XAUt offers advantages such as ease of transport, high divisibility, 24/7 trading, redeemability, ease of storage, and verifiability. For institutional investors, XAUt is an excellent asset that provides ownership of physical gold while possessing all the advantages of crypto assets.

Important news about XAUt recently:

1️⃣ Gold prices continue to strengthen Recently, gold prices have repeatedly hit new highs, driving a significant rise in the market capitalization of gold tokens. As a digital asset anchored 1:1 to physical gold, the price of XAUt directly benefits from the strong performance of the gold market. This trend reflects investors' preference for gold as a safe-haven asset.

2️⃣ Weakening dollar boosts demand for gold tokens The recent weakening of the US dollar index has further supported the rise in the prices of gold and its derivatives priced in dollars. This macroeconomic factor has created a favorable market environment for gold tokens such as XAUt, attracting more investor attention.

3️⃣ Risk aversion sentiment rises, driving increased volume Before the Federal Reserve's interest rate meeting, the market's risk aversion sentiment has significantly increased. Investors tend to increase their holdings in traditional safe-haven assets such as gold, while digital gold products like XAUt are also favored due to their convenience and liquidity advantages. This has led to a significant rise in XAUt's volume, with a 24-hour trading volume reaching $59.2 million.

From a technical perspective, the XAUt price has broken through the 3680 dollar mark, showing strong pump momentum. Meanwhile, the continuous rise in market capitalization indicates that the market's recognition of XAUt is steadily increasing, which may provide support for its future price trend.

This message does not constitute investment advice, and investors should be aware of market volatility risks.