PAX Gold
Market Open
9 Jun, 18:44
$
4,258. 10
-50.53
-1.1728%
$
842 Volume
$ 4,308.63
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PAXGUSD Overview
PAXGUSD denotes the market price of PAX Gold (PAXG) quoted in US dollars, reflecting the value at which PAXG tokens are exchanged for USD on trading venues. It provides a USD-denominated reference for the tokenized gold instrument.
PAX Gold is an ERC‑20 cryptocurrency token introduced by Paxos Trust Company in September 2019. Each token is designed to be backed by allocated physical gold held in vaults, with ownership attested by Paxos and subject to regular audits. It combines blockchain transferability with custody of London Good Delivery standard gold, and tokens are divisible and redeemable under Paxos’ custody arrangements.
The PAXGUSD price is determined by supply and demand across spot and crypto exchanges, arbitrage flows between token markets and the underlying gold spot price, and broader investor sentiment. Macro drivers such as US dollar strength, interest-rate expectations, inflation data and safe‑haven demand for gold also influence the pair, while exchange liquidity and trading hours can affect short-term pricing.
PAXGUSD is used by traders and investors seeking digital exposure to gold without taking physical delivery, for portfolio diversification, hedging and as collateral in crypto markets. Liquidity and volatility typically keep PAXGUSD closely aligned with gold’s spot price, though spreads can widen on less liquid platforms.
PAX Gold is an ERC‑20 cryptocurrency token introduced by Paxos Trust Company in September 2019. Each token is designed to be backed by allocated physical gold held in vaults, with ownership attested by Paxos and subject to regular audits. It combines blockchain transferability with custody of London Good Delivery standard gold, and tokens are divisible and redeemable under Paxos’ custody arrangements.
The PAXGUSD price is determined by supply and demand across spot and crypto exchanges, arbitrage flows between token markets and the underlying gold spot price, and broader investor sentiment. Macro drivers such as US dollar strength, interest-rate expectations, inflation data and safe‑haven demand for gold also influence the pair, while exchange liquidity and trading hours can affect short-term pricing.
PAXGUSD is used by traders and investors seeking digital exposure to gold without taking physical delivery, for portfolio diversification, hedging and as collateral in crypto markets. Liquidity and volatility typically keep PAXGUSD closely aligned with gold’s spot price, though spreads can widen on less liquid platforms.
PAXGUSD Chart
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PAXGUSD FAQ
What is the current PAX Gold price?
The current price is $4,258.100000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -50.53 (-1.1728%), showing how much the asset has moved compared to the previous close.
What is the previous close for PAX Gold?
The previous close was $4,308.630000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-1.1728%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($4,228.840000) and highest ($4,356.040000) prices traded during the selected period, helping assess volatility.
Why is PAX Gold (PAXG) moving today?
Price movements in PAX Gold are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($4,258.100000) is below the previous close ($4,308.630000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for PAX Gold?
You can view real-time charts, price updates, and market data for PAX Gold (PAXG) directly on this page.
