Aurelion Stock Gains as Gold Drops Before Memorial Day
Aurelion Inc. ended Friday up 2.9% at $2.52. The gold-token firm traded 27,910 shares, holding in a tight $2.50 to $2.52 band, according to Investing.com data, while bullion slipped ahead of the U.S. holiday. Aurelion is pushing into rare territory for a public company. It doesn't mine gold; its main treasury asset is Tether Gold, or XAU₮. Tether says one XAU₮ equals one troy ounce of gold. So Aurelion is a stock that's also a play on tokenized gold. Public investors get exposure to gold through both the token and the shares.