Hyperliquid gold perps front-ran CME after Iran strikes and the Monday gap exposed a new weekend leader

On Feb. 28, coordinated strikes hit Iranian nuclear facilities while most benchmark commodity markets sat dark. Traditional gold futures on CME’s COMEX exchange wouldn’t reopen until Sunday evening Central Time, leaving a 48-hour window where macro risk had nowhere obvious to express itself. Except it did: on venues that never close. By the time COMEX gold futures flickered back online Sunday at 5:00 PM CT, perpetual…