Gold Breaks $4,550/Oz, Up 1.6% in 24h

A move of this size in a single session puts gold's role as a macro hedge back at the center of cross-asset positioning, at a moment when crypto and tokenized-RWA markets have been competing for the same safe-haven and inflation-hedge allocation. The read-through matters less for gold itself than for how digital-asset products benchmarked against it frame their own value proposition. Whether this strength persists, and whether it pulls flows toward or away from tokenized gold and other RWA instruments, is the open question.