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20d 20h ago
XAUT Leads Tokenized Gold Market With $4.2B Cap as Gold Climbs to $4,326/oz and Morgan Stanley Forecasts $4,800/oz by 2026
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COINOTAG News, on Dec 17, cites Coingecko data showing the tokenized gold assets market capitalization surpassing $4.2 billion, up about 147% over six months. The bulk is held in XAUT and PAXG, valued at roughly $2.24 billion and $1.5 billion, together accounting for ~89% of the market. Each token is backed 1:1 by physical gold reserves.
Intraday, the spot gold price advanced about 1.1%, trading near $4,326.50 per ounce. Since the start of 2025, spot gold has risen from about $2,624 per ounce, marking an approximate 65% year-to-date gain.
According to a Morgan Stanley analysis, the gold price path remains sensitive to rate-cut expectations and a weakening U.S. dollar index, with a target of $4,800/oz by Q4 2026.
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