How PAX Gold (PAXG) reacts to macro news
PAXG moves 3.7× a normal hour after FOMC; 56% of releases give it a top-10% hour.
PAX Gold (PAXG) has data for 430 scheduled macro releases across 10 event types. The biggest typical +1h move (median size, either direction) came after FOMC rate decision (±0.38%, 3.7× a normal hour), the smallest after UK Consumer Price Index (CPI) (±0.07%, 0.7× a normal hour).
Next release that moves PAXG: Bank of England rate decision,
Small sample: our PAXG history starts on 1 Oct 2023, when Kraken trading in PAXG became continuous, so every figure here rests on a handful of releases.
Data: Kraken. PAXG prices are Kraken spot PAXG/USD 5-minute and hourly candles from 1 Oct 2023 (when Kraken trading in PAXG became continuous). One exchange for the whole history, so no figures mix sources. Sources.
Every event, ranked by how much it moves PAXG
Ranked by the move multiple: the median move after a release vs a matched normal hour. "Top-10%" is how often a release gives a move bigger than 90% of normal ones (10% would be no different from normal). Impact is the event's site-wide rating (see methodology). Typical move sizes by window follow (median absolute move, either direction). Click a column to sort; click an event for every release.
| Event | × normal | Top-10% | Impact | +5m | +1h | +4h | +24h | % up +1h | ReleasesRel. |
|---|---|---|---|---|---|---|---|---|---|
| FOMC rate decision | 3.7× | 56% | High | 0.13% | 0.38% | 0.56% | 0.74% | 40% | 25 |
| US Nonfarm Payrolls (NFP) | 2.7× | 31% | High | 0.21% | 0.33% | 0.61% | 0.67% | 58% | 36 |
| US Consumer Price Index (CPI) | 2.2× | 17% | High | 0.16% | 0.27% | 0.45% | 0.70% | 56% | 36 |
| US Producer Price Index (PPI) | 1.6× | 17% | Medium | 0.07% | 0.19% | 0.36% | 0.50% | 53% | 36 |
| US PCE inflation (Personal Income and Outlays) | 1.6× | 23% | Medium | 0.06% | 0.17% | 0.41% | 0.51% | 63% | 35 |
| US retail sales | 1.5× | 17% | Low | 0.04% | 0.13% | 0.29% | 0.62% | 60% | 35 |
| US initial jobless claims | 1.5× | 19% | Medium | 0.07% | 0.14% | 0.37% | 0.59% | 49% | 154 |
| Bank of England rate decision | 1.0× | 17% | Low | 0.02% | 0.13% | 0.51% | 0.53% | 46% | 24 |
| US GDP (advance estimate) small n | 0.8× | 23% | Medium | 0.01% | 0.14% | 0.51% | 0.62% | 54% | 13 |
| UK Consumer Price Index (CPI) | 0.7× | 6% | Low | 0.02% | 0.07% | 0.17% | 0.50% | 53% | 36 |
Past releases, not a forecast. Typical sizes hide big differences between individual releases; open an event to see them all.
Recaps where PAXG moved most
Event recaps ranked by the size of PAXG's first-hour move. All event recaps →
- FOMC · 16 Sep 2026 -2.16%
- FOMC · 13 Dec 2023 +1.33%
- US payrolls (NFP) · 4 Sep 2026 -1.29%
- US CPI · 14 Jul 2026 +1.28%
- US CPI · 14 Oct 2026 -1.26%