Gold Rebounds to $4,719 While Tokenized Assets Hit $6B Market

- Gold recovers to $4,719 after steepest monthly drop since 2008. - Tokenized gold market value surpasses $6 billion, led by XAUt and PAXG. Gold prices rebounded to $4,719 per ounce following a 15% drop in March, the metal's most substantial monthly decline since 2008. On April 1, 2026, Cryptopolitan reported that this recovery is driven by a notable shift in investor preferences, with investors now increasingly favoring blockchain-based tokenized gold over traditional gold ETFs. The tokenized gold market has surpassed $6 billion, underscoring its growing dominance in the tokenized commodities sector. Unlike conventional ETFs, tokenized gold offers distinct advantages, including 24/7 liquidity, fractional ownership, and direct claims on physical gold stored in secure, professional vaults. The two largest gold-backed tokens, Tether Gold (XAUt) and PAX Gold (PAXG), lead the market with capitalizations of $3.33 billion and $2.44 billion, respectively, highlighting strong investor interest in these digital assets. Wall Street remains optimistic about gold’s prospects, with major financial institutions issuing strong price forecasts for the metal. JPMorgan offers the most bullish projection, targeting $6,300 per ounce, while other forecasts include Wells Fargo ($6,100 to $6,300), UBS ($5,600), and Goldman Sachs ($5,400). Analysts attribute these targets to several key factors—including sustained central bank purchasing, anticipated interest rate reductions, and global de-dollarization trends—which they expect will collectively support higher gold prices. As of April 1 at 17:08 UTC, market data shows strong performance for the leading gold tokens. Tether Gold (XAUt) is trading at $4,755.20, with its 24-hour trading volume up 2.95%. Similarly, PAX Gold (PAXG) is priced at $4,776.90, reflecting a 3.08% increase in trading activity over the past 24 hours.