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Gold has traditionally been recognized as an excellent hedge against inflation, volatility, and stock market downturns. When stock bear markets arrive or when geopolitical events send asset price charts into wild zigzags, investors know there’s an island of stability and value retention in the form of the world’s premier precious metal.
Bybit makes it easy to trade gold via derivatives products like perpetual futures based on two gold-backed cryptocurrencies, Tether Gold (XAUT) and PAX Gold (PAXG). Thanks to these perp contracts, you can speculate on the price of gold without actually owning the asset, with all profits and losses settled in the highly familiar and popular stablecoin Tether (USDT).
Key Takeaways:
Bybit offers derivatives trading opportunities for gold primarily via two perpetual futures contracts, XAUTUSDT and PAXGUSDT.
Trading gold via these perp contracts offers unprecedented flexibility, 24/7 availability, the ability to open long and short positions quickly, generous leverage opportunities and settlement in the USDT stablecoin.