Zoomex: On traditional gold market closure, on-chain gold surges amid black swan events — XAUT-USDT becomes a focus for risk hedging

March 2, driven by the U.S.-Iran conflict and the comprehensive escalation of tensions in the Middle East, global risk aversion intensified rapidly. Gold prices fluctuated violently in a short period as capital flowed quickly into safe-haven assets. Notably, while traditional gold markets remained closed, on-chain gold assets such as Tether Gold (XAUT) and Paxos-issued PAXG were the first to reflect price changes, with trading volumes significantly increasing. The on-chain market has become the first liquidity outlet following black swan events. Against this backdrop, the XAUT-USDT trading pair on Zoomex saw active transactions and maintained stable liquidity, becoming a key gateway for investors to manage gold exposure and hedge risks during extreme market conditions. Black Swan Hits — On-Chain Market Leads Price Discovery Sudden geopolitical risks often occur outside traditional market hours. When risk premiums rise rapidly while the conventional gold market is closed, prices cannot