The news about China creating synthetic gold is sending shockwaves through the $13 trillion gold market! This development could potentially disrupt the market and impact gold-backed cryptocurrencies like $PAXG and $XAUT. Currently, PAX Gold (PAXG) is trading at around $3,940.03 to $4,018.52, with a 0.81% to 1.8% increase in the last 24 hours.
Key Points:
- Synthetic Gold: Chinese researchers have created synthetic gold that's identical to natural gold in terms of look, weight, and conductivity.
- Market Impact: This development could disrupt the gold market and impact gold-backed cryptocurrencies.
- PAXG Price: $PAXG is trading between $3,917.57 and $4,202.82, with varying percentage changes across different sources.
- Potential Uses: Synthetic gold could be used for sustainable luxury jewelry, eco-friendly electronics production, and more.
It's worth noting that the current price of PAXG and its percentage change vary slightly across different sources, but it's generally hovering around $3,900 to $4,200. The market seems to be bracing for potential disruption, and it's interesting to see how this development could shape the future of gold and cryptocurrency markets.
