Bitcoin Steady, Gold Tokens Shine as XAU Hits Record High; Inflation in Tokyo Rises

Quick Summary:

BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.

Consumer inflation in Tokyo, which tends to lead nationwide trends, sped up slightly in January, government data showed.

Gold-backed tokens are already drawing strength from the XAU price rise, although they continue to trade at a discount to the yellow metal.

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Article Details

Author / Journalist: Omkar Godbole

Category: Crypto

Markets: United StatesCubaJapan

Topics: Inflation Xaut Markets Gold Bitcoin Tokyo Paxg

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 06:00:12 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25661607

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