Gold prices continue to reach new highs, and digital gold products like XAUm are gaining attention again

Recently, the international precious metals market has strengthened overall. Major precious metals such as gold, silver, and platinum have successively reached record highs. According to Reuters, spot gold briefly touched approximately $4,525 per ounce during trading and has for the first time broken through the $4,500 per ounce mark; the cumulative increase this year has exceeded 70%. Meanwhile, silver and platinum prices have also reached historical highs, with the precious metals sector performing exceptionally well.

Market views suggest that this round of precious metals rally is related to the rising geopolitical uncertainties, increased demand for safe-haven assets, and expectations for future interest rate cuts. Against this backdrop, digital asset forms related to gold have also gained attention. As the prices of underlying assets rise, discussions around tokenized gold assets have increased.
Represented by the gold token XAUm launched by Matrixport's RWA platform Matrixdock, such products are based on physical gold as the underlying asset, introducing the value of gold into the on-chain system through a tokenized structure, providing new value carrier options for digital asset investors. As gold prices rise, the exploration of gold tokens in terms of on-chain holding, transfer, and potential financial application scenarios (such as collateral, DeFi participation, etc.) has gradually increased, becoming a relevant focus in the recent precious metals market.