Article details
Tokenized gold markets such as PAXG and XAUt have become the primary drivers of gold price discovery during weekends when CME futures markets are closed. This shift highlights the growing role of blockchain-based assets in maintaining market liquidity and price continuity. Traditional futures markets, like CME, typically set global gold prices but remain inactive over weekends. The dominance of tokenized gold during this period signals a structural change in how commodities are traded digitally, potentially impacting institutional and retail investors' strategies.