Gold prices soared to a record $3,800 per ounce on Monday, achieving a 47% increase year-to-date. The surge is attributed to expectations of Federal Reserve rate cuts and a weakening U.S. dollar. The tokenized gold market, including assets like XAUT and PAXG, has grown to a combined market cap of $2.88 billion. Both PAXG and XAUT reached their all-time highs, with PAXG experiencing over $40 million in net inflows in September and a monthly trading volume of $3.2 billion. XAUT also reported a significant monthly volume of $3.25 billion.