Tokenized gold prices moved above the $5,000 mark on-chain this week, as Pax Gold and Tether Gold tracked a continued rise in spot gold and extended gains across crypto-native markets. Data from CoinCodex shows both PAXG and XAUT trading above the psychological threshold, reflecting steady buying pressure and tighter alignment with physical gold pricing.
Pax Gold Price Breakout. Source: CoinCodex
The move places on-chain gold at levels that traditional markets only recently approached, while blockchain-based versions now trade continuously, without market-hour limits. As a result, tokenized gold has become one of the first large-scale examples of real-world assets reacting to macro flows in real time.
Tokenized Gold Extends Rally Past Key Level
CoinCodex price data shows Pax Gold climbing from the mid-$4,600 range earlier in the week to above $5,000, with higher lows forming across several sessions. Tether Gold followed a near-identical path, confirming that the move reflects broader gold strength rather than token-specific activity.
Tether Gold Price Surge. Source: CoinCodex
While short pullbacks appeared during intraday trading, both assets held above prior resistance zones near $4,900. That shift signals a structural breakout on-chain, as former ceilings turned into support. Unlike traditional gold markets, these tokens continued trading through weekend sessions, absorbing flows that would otherwise wait for futures or spot markets to reopen.
The on-chain breakout also highlights how tokenized commodities now mirror macro trends faster. As inflation hedging demand returned and rate-cut expectations stayed in focus, tokenized gold responded without delay, reinforcing its role as a real-time proxy for bullion exposure.
On-Chain Gold Highlights Broader Tokenization Shift
The move above $5,000 comes as tokenization expands beyond commodities into equities and credit markets. Nasdaq has also explored tokenized stock trading as exchanges push toward longer hours and faster settlement. Recent announcements around 24/7 tokenized stock trading underscored that trend, positioning gold tokens as early proof of concept rather than niche instruments.
Banks and asset managers have already pointed to higher long-term gold price targets in recent outlooks, citing geopolitical risk, central bank demand, and persistent macro uncertainty. On-chain pricing now reflects those expectations continuously, rather than in fixed trading windows.
As tokenized stocks prepare to enter round-the-clock markets, gold’s on-chain breakout offers a preview of how traditional assets may behave once freed from legacy settlement hours. Price discovery no longer pauses, and macro narratives express themselves instantly through blockchain-based markets.
Source: https://coinpaper.com/14019/gold-prediction-xau-breaks-5-000-on-chain-banks-see-higher-prices
