COMEX gold rises above $4,070 per ounce, up 1.64% intraday.

COMEX gold rises above $4,070 per ounce, up 1.64% intraday.

As gold prices reached new highs, Tether Gold (XAUt) achieved a significant milestone by surpassing a $1 billion market capitalization. This places XAUt as the second-largest tokenized gold product to reach this level, following Paxos’ PAXG .

According to data by rwa.xyz, XAUt has reached a market capitalization of $1,053,158,858, while spot gold trading for more than $3,800 per ounce, marking a 19.90% increase over the past 30 days. Each token carries a Net Asset Value (NAV) of $3,862, reflecting an 8.51% rise from the previous month, while the current price per token stands at $3,865, closely aligning with gold market prices .

XAUt is a digital asset issued by Tether and is backed by real gold. It provides investors with a way to invest in gold through blockchain technology without the hassles associated with owning it directly. One fine troy ounce of gold is stored safely in Swiss vaults for every XAUt token. The token’s value is directly tied to the price of gold, making it a straightforward investment option in the precious metal .

In September 2025, the combined trading volumes of XAUt and PAXG reached over $3.2 billion, indicating strong market interest in tokenized gold products .

Meanwhile, in a separate development, Predictive Discovery Ltd (ASX: PDI) and Robex Resources Inc (ASX: RXR) have announced plans to merge, creating a West Africa-focused gold company worth more than $2 billion . The merger will combine two of the potentially largest, lowest cost, and most advanced gold projects in West Africa, enhancing scale, access to capital, strategic relevance, and competitiveness.

The new company is expected to have more than 400,000 ounces per annum of production by 2029, combined mineral resources of approximately 9.5 million ounces of gold, and combined ore reserves of approximately 4.5 million ounces .