$PAXG price Slightly Declined After Strong US Jobs Report 💼📉🪙
$PAXG Price dropped 0.87% on Thursday after a strong US jobs report reduced expectations of Federal Reserve rate cut. The data showed massive gain in employment and unemployment rate drops to 4.3%, signaling a stable US labor‑market and boosting the dollar. 💪🇺🇸💵
Dollar's uptrend usually make dollar‑pegged gold relatively more expensive for other buyers, which creates pressure on gold demand and pulls the prices down. Yet $PAXG price remains above $5,070 despite the pullback. 🔻➡️
Gold price reached a record high above $5,595 in late January, then fell about 13% in the next two sessions after an overheated rally. ⚠️📉
Many large banks are still expecting the uptrend of Gold market to resume. BNP Paribas forecasts gold price may reach around $6,000/oz by the end of 2026, and Deutsche Bank and Goldman Sachs have also given optimistic outlooks. 📈🏦✨
Why? Geopolitical tensions, concerns over Fed independence, and capital flows away from bonds and currencies still support gold as a safe‑haven. 🌍⚖️
Short‑term volatility may continue, but major banks and positive fundamental background keeps a bullish outlook for gold over the medium term. Trade with caution and watch price movements of US Dollar and signal of Fed's potential stance. 🔍🧭
Follow for more updates on precious metal market @TZ_Crypto_Insights
