Gold's spot market shuts down every Friday afternoon and doesn't reopen until Monday morning. But tokenized gold ($PAXG and $XAUT) trades 24/7 on crypto exchanges.
CoinGecko looked at 14 months of data (Jan 2025 – Mar 2026). Basically every time big news dropped on a weekend, tokenized gold moved immediately while spot gold was frozen. When Commodity Exchange Inc. (COMEX) finally reopened Monday morning, it usually gapped in the same direction the tokens had already gone. That held up about two-thirds of the time.
During this period, gold went from $2,600 to over $5,300, and the on-chain market kept front-running the Monday open. It doesn't work every time, especially during low-volume holidays or when crypto itself is getting liquidated, but it's been surprisingly consistent.
I think it's worth adding a Sunday night PAXG check to your routine if you trade gold.
Full breakdown with specific cases where it worked and didn't: https://www.coingecko.com/learn/tokenized-gold-price-signal
