Historical replay · PAXG/USD
Tokenised Gold Lost $4,000 the Day After Hot CPI (Nov 2026)
PAX Gold slipped from $4,054 on the morning of November 11, 2026, to $3,966 the next morning, losing the $4,000 mark in the US session with the bond market shut for Veterans Day. Replay it in hourly steps.
Gold had already lost about 2% on Tuesday, November 10, when October's consumer price index came in hotter than forecast and futures moved to price a December Fed rate hike in full. On Wednesday morning PAX Gold, the Binance-traded token backed by one troy ounce of gold, found some buyers and climbed to $4,054.27 in the 06:00 UTC hour.
It was a quiet market. The US Treasury market was closed for Veterans Day, so there were no new yield moves to trade, and hourly volume on the token stayed below 1,000 trades through much of the European morning. The bounce faded steadily: $4,038.81 by 10:00 UTC and $4,031.42 by noon.
The break came with US stocks. The 14:00 UTC hour fell from $4,028.88 to $4,004.94 on 2,506 trades, and the 15:00 UTC hour dipped to $3,996.05, the first trade below $4,000 in the replay. There was no rebound as the Nasdaq rallied: by 18:00 UTC the token was at $3,982.78, and gold futures traded near $3,984 that evening, according to Yahoo Finance.
Asian trading on November 12 brought a final flush to $3,966 in the 00:00 UTC hour before the token settled near $3,972. Replay it to see what a round number does in a slow, rate-driven decline: no panic candle, just a level that held through the morning and gave way once the US session added sellers.