Gold Tops $4,500 an Ounce as XAUT Futures Volume Surges
JOON HYOUNG LEE
Summary
- International gold prices remained strong after rising above $4,500 an ounce.
- Gold's daily gain reached more than 3%.
- Bitget's Tether Gold (XAUT) futures trading volume rose to about $21.2 million over the past 24 hours, up more than 34% from the previous period.
Forecast Trend Report by Period
Gold prices strengthened further, lifting trading volume in crypto derivatives tied to the metal.
BlockBeats reported on August 20 that gold rose above $4,500 an ounce. The metal was up more than 3% on the day.
Trading in gold-linked crypto derivatives also climbed. CoinGlass data showed Bitget's Tether Gold (XAUT) futures recorded about $21.2 million in trading volume over the past 24 hours, up more than 34% from the previous 24-hour period.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul