Gold Surges Toward $3,900 as Tokenized Gold Market Hits Record High

TradingKey

AuthorBlock Tao

Sep 30, 2025 5:49 AM

View all comments（0）



TradingKey – Spot gold rallies nearly 1% today, and UBS CIO expects further upside.

On Tuesday, September 30, during the Asian midday session, spot gold (XAUUSD) rose 0.85% intraday, reaching a new all-time high of $3,870 per ounce.

altText Spot Gold Price Chart – Source: TradingView

As gold approaches the $3,900 mark, the total market capitalization of tokenized gold has also surged to nearly $3 billion. Monthly trading volumes for leading gold-backed tokens — XAUT and PAXG — have both exceeded $3.2 billion.

This latest rally is driven by a combination of factors: fears of a potential U.S. government shutdown, persistent inflationary pressures, and growing expectations of a Federal Reserve rate cut. The Chief Investment Office (CIO) of UBS Wealth Management remains bullish, having previously forecast that gold could reach $3,900 per ounce by next year.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Tesla Optimus Gen 3 Design Initially Finalized, Musk Sets Hard Target for Supply Chain: 1,000 Units Weekly Production by September.

TradingKey - According to reports from LatePost, multiple sources within Tesla's supply chain have revealed that Tesla recently issued specific procurement guidance for Optimus parts to its suppliers. The company requested that production capacity be increased to 1,000 units per week by September of this year, and further raised to between 2,000 and 2,500 units per week by the end of the year. Based on the year-end weekly capacity estimate, suppliers will have the capability to supply parts for approximately 100,000 Optimus units annually to Tesla by the end of the year.

SK Hynix Shares Surge Over 8%. U.S. IPO Draws 7-Fold Oversubscription, Can It Return to Historic Highs by the End of July?

SK Hynix's US IPO was oversubscribed, boosting its stock price; however, it is unlikely to return to its historical highs by the end of July.

Micron Technology (MU) Stock Forecast: AI Memory Boom Keeps Bulls Focused on $1,100 After Trendline Rebound

Micron rebounds from ascending trendline support as AI-driven HBM demand continues to reshape earnings. Can MU extend toward $1,103 after record Q3 results?

NVIDIA (NVDA) Stock Forecast: DeepSeek Building Its Own Chip - Is $197 the Bottom?

Reuters says DeepSeek is building its own AI chip to cut ties with Nvidia. NVDA slipped 2% on the news but still holds $197. The chart has flipped to a long setup. 61 analysts Buy at $301 avg target.

Japan and South Korea Stocks Surge at Open: Nikkei 225 and Kospi Soar Together, SK Hynix and Kioxia Jump 8%, Samsung and SoftBank Follow

Japanese and South Korean stock markets opened higher and continued to rise, with the KOSPI Index and the Nikkei 225 index gaining to varying degrees. SK Hynix and Kioxia surged by approximately 8%, while Samsung Electronics and SoftBank tracked the gains.

Featured Tools