Tokenized gold markets like PAXG and XAUt now handle nearly all gold price discovery when CME futures shut for the weekend.Gold pricing shifts onto blockchain networksTokenized gold markets like PAXG and XAUt now handle nearly all gold price discovery when CME futures shut for the weekend.Gold pricing shifts onto blockchain networks

Tokenized gold leads ‘100% of weekend price discovery’ while CME futures are closed

2026/03/01 19:48
1 min read

Tokenized gold markets like PAXG and XAUt now handle nearly all gold price discovery when CME futures shut for the weekend.

Gold pricing shifts onto blockchain networks once US futures markets close for the weekend, according to Iggy Ioppe, former chief investment officer at Credit Suisse and now chief investment officer (CIO) at liquidity infrastructure firm Theo.

Tokenized gold leads ‘100% of weekend price discovery’ while CME futures are closed

CME gold futures stop trading at 5:00 pm ET on Friday and reopen at 6:00 pm ET on Sunday. During that interval, regulated futures markets are inactive and most remaining activity occurs through private over-the-counter deals in Asia that are not publicly reported. As a result, tokenized gold assets such as PAX Gold (PAXG) and Tether Gold (XAUt) become the only continuously available trading venues.

“In terms of publicly visible price formation, onchain markets are responsible for virtually 100% of weekend price discovery,” Ioppe told Cointelegraph.

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