Why Gold Still Glitters

Last week, gold prices experienced a modest rebound after hitting a one-month low. Spot gold climbed 0.5% to around $3,290/oz, supported by a weaker U.S. dollar and easing geopolitical tensions between Iran and Israel. Despite this bounce, gold remains under pressure—on track for a second consecutive weekly decline (~2–2.5%) amid upbeat equity markets and diminishing safe-haven demand.

Meanwhile, PAX Gold ($PAXG )—a digital token backed 1:1 by physical gold—displayed steady resilience. Trading shows buy signals on weekly timeframes, while intraday technicals lean slightly bearish.

Its low volatility (~0.4%) highlights its stability relative to crypto assets—making it attractive for investors seeking gold exposure with crypto convenience.

🔍 Key Takeaways

• Gold’s outlook: Consolidation under $3,300, with support around $3,250–$3,270. Watch U.S. inflation data and Fed rate expectations—positive triggers could push prices higher.

• PAXG’s strength: Maintains value amid gold’s volatility, showing solid technical patterns for longer-term gains. Ideal for those looking to hedge in a digital environment.

For traders and investors, gold remains a key hedge, while PAXG offers a convenient bridge between traditional metal exposure and modern digital finance.