Historical replay · PAXG/USD
Tokenised Gold Fell From $4,115 to $4,009 on CPI (Nov 2026)
PAX Gold slid from $4,114.89 early on November 10, 2026, to $4,008.59 that afternoon as a hot October CPI pushed yields and the dollar higher. Replay a rate-driven gold sell-off in hourly steps.
Gold went into Tuesday, November 10, near the top of its range. PAX Gold, the token backed by one troy ounce of London gold, traded around $4,110 in the early European hours on Binance after Monday's 1% gain in futures had taken the metal back above $4,100.
The selling started before the data. The 09:00 UTC candle fell from $4,105.32 to $4,072.66 and the token was below $4,065 by 11:00 UTC, as the dollar firmed ahead of the CPI release. Then the 13:00 UTC hour, which contained the 13:30 report, dropped from $4,071.12 to $4,033.20 on 5,224 trades, the busiest hour of the replay.
There was no bounce. With the 10-year Treasury yield heading to 4.98% and futures pricing a December rate hike in full, the token kept sliding through the US session to a low of $4,008.59 in the 16:00 UTC hour, about $106 or 2.6% below the morning high. Gold futures settled 2.05% lower at $4,030.20.
Replay it to see what higher real rates do to a metal that pays no interest: the drop came in steps, each one tied to a move in yields, rather than in one panic candle, and the token spent the night stuck near $4,025 before a small recovery towards $4,050 in Asian trading.