Gold Fever: Unusual Movements Observed in the Price of Gold-Backed PAXG – Here’s Why

The PAXG/USDT pair on the Binance exchange surged by 16% in a short period, driven by large-scale orders. Analysts believe this move may be related to possible whale liquidations. Chart showing a candlestick movement in PAXG price towards $4,790. Related News: Bitcoin Critic Peter Schiff Says “Ditch the Fake Gold,” Binance Founder CZ Responds Following the rally, the PAXG price on Binance is still trading at a 1.5% premium to the global gold price. The price of PAX Gold (PAXG) was $4,411.46 at press time and is up 4.06% over the past 24 hours. The token reached an all-time high of $4,436.09 about 15 minutes ago on October 17, 2025. *This is not investment advice. Continue Reading: Gold Fever: Unusual Movements Observed in the Price of Gold-Backed PAXG – Here’s Why