$PAXG Accumulates Momentum Amid Trump's Tariff Plans

Gold-backed cryptocurrency PAXG has gained significant attention recently, driven by concerns over US President Donald Trump's tariff plans. The token's value has surged alongside gold prices, which have risen nearly 11% year-to-date and over 43% in the past year. This growth is largely attributed to geopolitical tensions and uncertainty surrounding tariffs ¹.

*Key Factors Driving PAXG's Momentum*

- Tariff Uncertainty: Trump's tariff plans have sparked fears of a trade war, leading investors to seek safe-haven assets like gold and PAXG.

- Safe-Haven Demand: As trade tensions escalate, investors are turning to gold and gold-backed cryptocurrencies like PAXG to hedge against potential economic downturns.

- Gold Price Movement: PAXG's value is closely tied to gold prices, which have gained momentum amid concerns over inflation and economic stability.

*Market Performance*

#PAXG's current price is $3,388.52, with a 0.02% increase in the past 24 hours. The token's market capitalization stands at $964.63 million. As investors continue to seek safe-haven assets, PAXG's momentum is likely to persist.