Is gold heading towards $4,000? Learn about the latest trends in gold prices and how cryptocurrencies backed by gold are gaining popularity in the market.
Gold had a strong upward trend last week, crossing the $3,000 mark for the first time. Some experts predict that this precious metal will continue to grow and might even reach $4,000. Cryptocurrencies backed by gold, such as PAX Gold (PAXG) and Tether Gold (XAUT), have also benefited from this price surge. Central banks’ new policies of increasing their gold reserves have contributed significantly to the rise in gold prices.
