Source: Coindesk.com
PAXG spiked as high as $2,923 on Saturday, trading at premium of over 20% to gold's per ounce price of $2,342.90 on Friday. Bitcoin traded at a perfect negative correlation to PAXG in a sign of weak demand as a geopolitical hedge.
Prices for PAX Gold (PAXG), a gold-backed digital asset
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Source: Coindesk.com
