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PAX Gold

PAX Gold

PAXG·5,088.26
1.69%

PAX Gold (PAXG) Daily Market Analysis

By CoinStats AI

What is the latest news for PAXG?

PAX Gold (PAXG) Reaches Near All-Time High Amid Gold Market Strength

PAX Gold reached an all-time high of $4,976.30 on January 23, 2026, marking a significant milestone for the gold-backed cryptocurrency. The trading volume of PAX Gold (PAXG) is $61,706,463.77 in the last 24 hours, representing a 12.60% increase from one day ago and signalling a recent rise in market activity.

Market Performance and Price Action

PAXG has gained exchange and DeFi traction, with the PAXG-USDC pool ranking in Uniswap's top 5 yield pools, indicating rising exchange and DeFi activity. The token's current market position reflects strong investor interest in commodity-backed digital assets.

PAXG's strong 90-day correlation of 0.92 with physical gold indicates that its movements largely mirror those of the underlying asset, demonstrating the token's reliable connection to actual gold prices.

Long-Term Outlook and Forecasts

Gold prices have seen substantial gains over the past year, with forecasts anticipating further increases towards $5,000 per ounce by late 2026, driven by persistent central bank and investor demand amidst global uncertainties. Analysts predict PAXG could reach $4,500-$4,800 by end-2026, mirroring gold's safe-haven demand.

Market Fundamentals

PAX Gold is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities, with anyone who owns PAXG having ownership rights to that gold under the custody of Paxos Trust Company.


Sources:

  1. https://coinmarketcap.com/currencies/pax-gold/
  2. https://www.coingecko.com/en/coins/pax-gold
  3. https://www.bitget.com/price/pax-gold
  4. https://www.weex.com/price-prediction/pax-gold
  5. https://www.weex.com/wiki/article/is-pax-gold-a-good-investment-expert-insights-on-paxg-crypto-for-2026-36078

Why is PAXG price up today?

PAX Gold (PAXG) Price Analysis – 24-Hour Movement

Current Price and Performance

PAX Gold is trading at $5,028.89 per token, up 1.24% over the past 24 hours. This modest but positive movement reflects the broader strength in underlying gold prices.

Underlying Gold Market Drivers

The 24-hour price increase in PAXG is directly attributable to strength in the spot gold market. Gold rose to $4,986.90 per troy ounce on January 23, 2026, up 1.04% from the previous day. Gold is on track for its strongest weekly performance since March 2020, supported by fading confidence in US assets, persistent geopolitical tensions, and broader economic uncertainty.

Market Metrics

  • Trading Volume: $375.95 million in 24-hour volume
  • Market Capitalization: $2.02 billion
  • Available Supply: 402,482 tokens
  • Weekly Performance: +9.24% (7-day change)

Broader Context

Over the past month, gold's price has risen 11.29%, and is up 80.02% compared to the same time last year. The sustained upward trajectory reflects investor demand for safe-haven assets amid macroeconomic uncertainty and geopolitical risks.


Sources:

  1. https://fortune.com/article/current-price-of-gold-01-23-2026/
  2. https://tradingeconomics.com/commodity/gold

What is the market sentiment for PAXG today?

PAX Gold (PAXG) Market Sentiment Analysis

Overall Sentiment: Bullish

PAX Gold is currently showing a bullish trend, with the community bullish about PAXG today. Across all social media platforms, PAX Gold has an average sentiment score of 4.7 out of 5, and on Twitter, people are mostly bullish about PAX Gold.

Price Performance and Technical Indicators

Current market data reflects mixed short-term movement within a broader bullish framework. On the four-hour chart, PAX Gold is bullish, with the 50-day moving average rising and suggesting a strong short-term trend. The 50-day moving average is sloping up and sits below the current price, which could act as support when the price moves near it again.

Recent price action shows consolidation: PAXG surged 14% over the last 60 days, with the recent dip following a period of significant strength. For the last 7 days, PAXG has been in a good upward trend, increasing by 1.66%.

Social Media and Community Sentiment

Over the past 24 hours, the sentiment toward PAXG across all social media has been Bullish. Social media sentiment on platforms like X shows a mostly neutral to bullish outlook for PAXG crypto, with 34.31% of posts expressing optimism compared to just 0.52% bearish sentiment.

Institutional Adoption and Market Drivers

Key events in December 2025–January 2026 include OCC oversight as the first gold token under OCC oversight, WEEX futures listing with leverage up to 100x, and DeFi expansion with Aave & Maker Pools using PAXG as the main collateral for stablecoins.

2025 marked the "great return" of institutional capital, driven by macroeconomic pressures including inflation at 2.7-3% and Fed rates falling as expected, making traditional instruments less attractive.

Underlying Gold Market Context

PAXG sentiment is intrinsically linked to gold market dynamics. The 2026 and 2027 outlook for gold remains bullish, with prices expected to push toward $5,000/oz by the fourth quarter of 2026, with $6,000/oz a possibility longer term. Underpinning price forecasts is continued strong investor and central bank gold demand, which is projected to average around 585 tonnes a quarter.

The forces of softer growth, accommodative policy, and persistent geopolitical risks are more likely to support gold than to undermine it.

Risk Factors and Sentiment Headwinds

Despite bullish sentiment, risks exist. Central bank demand may not be as relentless at elevated prices, much of the global easing cycle may already be priced in, bond yields remain high, and easing geopolitical tensions could gradually reduce gold's safe-haven appeal.

PAXG remains a "safe haven" in the world of tokens, with capitalization expected to grow to $2–2.5 billion and price to $4,500–4,700 in 2026, with stable spreads.

Trading Volume and Market Activity

The trading volume of PAX Gold is $61,706,463.77 in the last 24 hours, representing a 12.60% increase from one day ago and signalling a recent rise in market activity.


Sources:

  1. https://www.weex.com/price-prediction/pax-gold
  2. https://www.bitget.com/price/pax-gold
  3. https://www.coinbase.com/price/pax-gold
  4. https://phemex.com/price/pax-gold
  5. https://www.blockchainmagazine.net/pax-gold-paxg-crypto-navigates-volatile-market-amid-feds-steady-rates-and-trade-tensions/
  6. https://www.coingecko.com/en/coins/pax-gold
  7. https://www.jpmorgan.com/insights/global-research/commodities/gold-prices
  8. https://www.gold.org/goldhub/research/gold-outlook-2026

PAXG Technical Analysis: Key Support & Resistance Levels?

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