PAXG Surges 2.26% on Binance as Investors Flock to Gold-Backed Tokens Amid Market Uncertainty

PAX Gold (PAXG/USDT) saw a 2.26% price increase in the last 24 hours, currently trading at $4,957.65 on Binance, with a 24-hour open of $4,848.00. The upward movement is attributed to sustained bullish sentiment in recent market analyses, robust trading volumes, and increased investor interest in real-world asset-backed tokens during periods of macroeconomic uncertainty. Notable factors include positive contract net inflow data, strong demand for tokenized gold as a hedge, and heightened activity on Binance, which reported over $104 million in trading volume for the pair out of a $478 million total. The asset’s market capitalization is approximately $1.99 billion, with a circulating supply of 400,132 PAXG, reflecting growing preference for assets with tangible backing amid global financial volatility.