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What is the highest price of PAXG coins in history
The highest price of PAXG coins in history, $2,078.88, was reached on August 7, 2020 during the COVID-19 pandemic when there was a flight to safe-haven assets.
Nov 12, 2024 at 09:26 am
What is the highest price of PAXG coins in history?
PAXG is a digital asset that represents physical gold stored in London vaults. Each PAXG token is backed by one fine troy ounce of gold and can be redeemed for physical gold at any time. PAXG is traded on a number of cryptocurrency exchanges and its price is determined by the spot price of gold.
The highest price of PAXG coins in history was $2,078.88, which was reached on August 7, 2020. This price was driven by a number of factors, including the uncertainty surrounding the COVID-19 pandemic and the resulting flight to safe-haven assets.
Since then, the price of PAXG has fluctuated with the price of gold. As of July 2023, the price of PAXG is $1,865.90.
How is the price of PAXG determined?
The price of PAXG is determined by the spot price of gold. The spot price of gold is the price at which gold can be bought and sold for immediate delivery. The spot price of gold is set by a number of factors, including supply and demand, global economic conditions, and political events.
When was the highest price of PAXG coins in history?
The highest price of PAXG coins in history was $2,078.88, which was reached on August 7, 2020.
What factors drove the price of PAXG to its highest level?
The price of PAXG was driven to its highest level by a number of factors, including the uncertainty surrounding the COVID-19 pandemic and the resulting flight to safe-haven assets.
What is the current price of PAXG?
As of July 2023, the price of PAXG is $1,865.90.
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