$PAXG Recovered to $4970 After a Sharp Decline to $4894 Ahead of US Inflation Report
$PAXG price has partially bounced back after a sudden decline, as buyers stepped in to buy gold at lower price ahead of the US inflation report. Today $PAXG is up 1.5% 📈 after falling 3.2% on Thursday.
Volatility in Wall Street and profit-taking fueled by worries over massive investment in AI infrastructure, margin calls and algorithmic trading—helped trigger the initial decline. #PAXGUSDT is trading below $5,000 💰, a level that has put psychological pressure on traders. Silver (#XAGShort ) also dropped sharply, falling nearly 11% ⚠️.
Despite the recent swings, the long-term outlook for gold remains positive because of geopolitical uncertainty, inflation risks and demand for safe-haven assets. Traders are now waiting for the US inflation date — a drop in inflation would bring bullish trend for gold price. Recently published January jobs data has also reduced expectations for a Fed rate cut at middle of 2026, which could limit uptrend potential for non-yielding metals like gold and silver.
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