Why does the price of a gold token track the price of gold instead of the crypto market?
1 troy ounce is approximately 31.1 grams. International gold prices are usually quoted per troy ounce.
The price of a gold token mostly fluctuates with the price of gold. Gold prices can go up or down, so don’t treat gold tokens as stablecoins.
$PAXG Each token represents 1 troy ounce of physical gold stored in a London vault. Current price: 4063.68.
If you find this useful, save it and come back to it later.
Just sharing my thoughts—whether to buy or sell is up to you.
1 troy ounce is approximately 31.1 grams. International gold prices are usually quoted per troy ounce.
The price of a gold token mostly fluctuates with the price of gold. Gold prices can go up or down, so don’t treat gold tokens as stablecoins.
$PAXG Each token represents 1 troy ounce of physical gold stored in a London vault. Current price: 4063.68.
If you find this useful, save it and come back to it later.
Just sharing my thoughts—whether to buy or sell is up to you.
