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Premiums are being paid for gold backed tokens as the precious metal’s value rises.

Demand for Gold-Backed Tokens Brings Premiums as Precious Metal's Value Jumps Higher

While stocks and cryptocurrency markets have floundered during the last week, the price of the precious metal gold has increased in value by 3.85% during the last seven days. An ounce of fine gold jumped from $1,826.92 on February 10, to $1,897.36 per ounce on February 19. Additionally, the top gold-backed crypto coins today have seen a significant increase in demand alongside premiums above the spot market price of gold.

Gold Shines During Economic Uncertainty

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