This is a strong move for broader USD1 adoption. 🦅🔥
It’s now possible to trade PAXG/USD1 on Binance, opening up a new way to gain gold exposure.
PAXG is directly backed by physical gold. ✍️

Scaling up 👉 New USD1 pair (PAXG/USD1) arriving on @binance
PAXG (gold-backed token), quoted in USD1. 🦅☝️
Read more: https://binance.com/en/support/announcement/detail/f7e2e0bbfccf40848e05a6daeb53c9c0…

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Original Author: He Hao, Wall Street Insights

On Thursday, US stocks plunged, with the Nasdaq falling over 2%. Some traders sold precious metals to offset losses in the stock market, causing gold, silver, copper, platinum, and palladium to decline sharply. The US dollar index rose slightly.

Amid renewed concerns about whether massive investments in artificial intelligence can truly be implemented on a large scale, US tech stocks declined. Metal prices suddenly fell due to suspected algorithmic trading selling, forcing some investors to exit commodity positions, including metals, to obtain liquidity, while some funds turned to US Treasury bonds for safety.

Spot gold fell as much as 4.1%, and silver plummeted 11...

Gold fell more than 4% at one point, and silver plummeted 11%, as a sharp drop in US stocks triggered a sell-off in algorithmically traded precious metals.

This trader made a total of 48 predictions of market movements within 15 minutes, earning a net profit of $80,000 in one day.

Earning $80,000 a day, this top player treats Polymarket like an ATM.

Written by: Mahe, Foresight News
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