Tag: paxg

PAXG Shines as Investors Flock to Gold-Backed Crypto Amid Trade War Fears

PAXG Shines as Investors Flock to Gold-Backed Crypto Amid Trade War Fears

PAX Gold (PAXG), a gold-backed cryptocurrency, has experienced huge leaps in investor interest following the outbreak. This increase occurs as investors turn toward safe-haven assets during an increasingly volatile U.S.-China trade relationship. PAXG tracks the price of gold and gives investors direct exposure to this precious metal. It brings with...

Gold ETFs Soar: Are PAXG & XAUT the Smart Crypto Hedge?

Gold ETFs Soar: Are PAXG & XAUT the Smart Crypto Hedge?

The world of finance is witnessing an interesting trend: gold-backed cryptocurrencies are gaining traction. Along with BTC’s increase, the entire crypto market has skyrocketed 26% YTD. It’s gold-backed tokens like Paxos Gold (PAXG) and Tether Gold (XAUT) that are blazing ahead with even stronger performance. This surge in popularity begs...