This would be a conducive moment for the gold to shoot again, according to Brien Lundin.
Gold, historically, usually touch background between July and August.
In a world shaken by economic uncertainty and global tensions, gold reaffirms its role as a safe refuge. This precious metal, historically a bastion against inflation and financial crises, is showing signs of an imminent rebound, which could boost the “golden cryptocurrencies” or stablecoins linked to their value, such as Tether Gold (Xaut) and Pax Gold (Paxg).
The gold market has crossed a summer (in the northern hemisphere) of moderate movements. For Brien Lundin, director of Gold Newsletter and CEO of the New Orleans Investment Conference, the mass sales have been slight and The rebounds lacked force to consolidate an upward trend.
“Metals have behaved as they usually do during the stagnation of mid -summer, marking the step in anticipation of greater interest and, hopefully, higher prices,” explains Lundin.
This behavior is reflected in the Bollinger bands of the price of gold, which indicate a decreasing, typical volatility of this time of the year.
In the lower part of the graph, the “BB Width” (Width of the Bollinger bands) is shown, which is a measure of volatility. You can see how the width of the bands decreases (the low black line) from the end of April/early May to July, which corroborates the statement about decreasing volatility during the “stagnation of mid -summer.”
Therefore, Lundin points out that gold historically plays background between July and August. “We are right in the middle of that period. We could have from a few hours to a month to take advantage of this pause,” he says. However, the change seems to have arrived earlier than expected.
Gold goes up and its stablecoins follow it
Yesterday, July 22, The gold reached $ 3,439 per ounce, approaching its historical record of $ 3,500. This movement drives the stablecoins backed by gold, which maintain a 1: 1 parity with the precious metal.
Tether Gold (Xaut), issued by Tether and backed by 644 gold bullion stored in Switzerland, trades at $ 3,408, only 3.4% of its historical maximum of $ 3,529 recorded in April. With a capitalization of 843 million dollars, Xaut directly benefits from any rise in the price of gold.
Similarly, Pax Gold (Paxg), issued by Paxos, represents an ounce of physical gold stored in London vaults. It currently trades at $ 3,416 per unit.
These stablecoins allow investors to expose themselves to the price of gold without the logistics challenges of possessing or storing physical metal, offering ease of transfer and divisibility.
A commitment to long -term stability
Russ Koesterich, General Director of Blackrock and manager of the Global Assignment Fund, recommends maintaining a “small position” as a portfolio diversifier. “Although it is not effective coverage in the short term, gold is a long -term effective value reserve,” says Koesterich, as cryptootic reports.
This vision reinforces the attractiveness of “golden cryptocurrencies”, that combine metal stability with the flexibility of digital assets.
As gold approaches new records, cryptocurrencies such as Xaut and PaxG could be consolidated as attractive options for investors seeking refuge in turbulent times, without sacrificing the practicality of cryptoactive ones.
