If you've checked the charts on May 17, 2026, you would have noticed that PAXG/USDT has broken critical support levels, trading around $4,529.74. For the average investor, watching the 'digital gold' drop amid global uncertainty causes panic. For traders and institutional investors, it's just a macroeconomic liquidity adjustment. The Fundamental Diagnosis: Why is PAXG dropping if the world remains unstable? Many are asking: If tensions between the U.S. and Iran persist, why isn't gold rising? The answer lies in the yields and the decisions of the Federal Reserve (FED):