$PAXG Price Soars as US–Iran Clash Sparks Safe‑Haven Demand 🚨🪙
$PAXG price climbed at $5459.65 as rising US–Iran geopolitical tensions pushed investors toward safe assets. Earlier in the week, US–Israeli operation targeting Iran and swift counterstrikes — including missile and drone attacks — increased geopolitical risk, sending #PAXGUSDT price higher and boosting demand. In Asian trading session, #gold price jumped about 1.4% toward $5,180 per ounce. 📈
Rising oil prices and inflation worries have also helped gold, while the US Dollar Index (DXY) soared against major currencies. Markets expect the Fed may cut rates at least twice in 2026, but uncertainty from the Middle East and as Russia–Ukraine negotiations stopped, so traders are in cautious mood.
Physical gold demand keeps rising — BNP Paribas confirms that GOLD ETF inflow (around 2 million units) is rising and Chinese buyers are showing growing interest.
According to technical picture, buyers are taking profits after price reversed from the $5,450 area; if $PAXG price breaks above the recent high, targets will be $5,455 and then near the all‑time high zone of $5,600. 🔍
In case of bearish trend, a fall below $5,300 would open potential support tests at about $5,279, $5,250 and $5,200. Overall, geopolitical risks and safe‑haven demand makes #PAXGUSDT a focal point for traders this week.
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