๐ Why Gold Still Glitters ๐
Last week, gold saw a modest rebound after a one-month low โ Spot gold climbed 0.5% to ~$3,290/oz, supported by a weaker USD and easing Iran-Israel tensions.
Yet, despite the bounce, gold is still on track for a 2nd consecutive weekly decline (โ2 to โ2.5%), pressured by strong equities and fading safe-haven demand. ๐
Meanwhile, $PAXG โ the digital token backed 1:1 by physical gold โ continues to shine.
๐ Key Insights:
โข Gold Outlook: Consolidating below $3,300. Watch for U.S. inflation & Fed rate cues.
โข PAXG Strength: Low volatility (~0.4%) + bullish weekly signals = solid long-term potential.
๐ก For investors, Gold remains a time-tested hedge.
For crypto-native users, $PAXG offers gold stability with digital convenience.
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