Gold-Backed Tokens Outperform as ‘Bond King' Gundlach Sees Precious Metal Hitting $4,000
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Gold-backed tokens are outperforming as Jeffrey Gundlach, known as the 'Bond King', predicts gold prices could reach $4,000. Central banks' increased gold holdings support this bullish outlook.
March 18, 2025 | 11:30 am
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PAXGUSD, a gold-backed token, is likely to benefit from Jeffrey Gundlach's prediction of gold reaching $4,000, supported by central banks' increased gold holdings.
The prediction by a renowned investor like Gundlach can influence market sentiment positively for gold-backed tokens like PAXGUSD. Central banks' actions further support this bullish sentiment.
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RELEVANCE 80