gold

According to Gate market data, the Iranian foreign minister stated that the Strait of Hormuz is open to merchant ships, causing significant market fluctuations. Spot gold continues to rise, surpassing $4,840, with an intraday increase of over 1%; spot silver has risen nearly 4% today, currently reported at $81.3 per ounce. Both WTI and Brent crude oil experienced a sharp decline, with WTI crude oil plunging 8% today and Brent crude oil dropping 7%. The US dollar index DXY fell more than 20 points in the short term, currently reported at 97.98, with most non-US currencies rising.

According to Jinshi reports, Goldman Sachs' head of asset allocation research, Muller-Grissman, stated that the recent rise in U.S. stocks requires the Federal Reserve to restart interest rate cuts to maintain momentum. He described the stock market rebound as a "rapid and fierce recovery phase," partly driven by technical factors, including hedge funds being forced to rebuild positions. Although the S&P 500 is expected to rise more than 3% for three consecutive weeks, he questioned whether the upward trend is sustainable without monetary policy support.

According to Gate market data, U.S. stocks closed higher on Thursday, with the Dow Jones Industrial Average initially rising by 0.2%, the S&P 500 index up 0.26%, and the Nasdaq Composite index up 0.36%, marking the latter two achieving a consecutive rise for 12 trading days. Nuvoton Technology (NVTS.O) rose by 20%, Dell (DELL.N) rose by 9%, AMD rose nearly 8%, and Intel (INTC.O) rose over 5%. The Nasdaq China Golden Dragon Index closed up 1.75%, with NIO (NIO.N) rising nearly 7% and Alibaba (BABA.N) rising by 4%.

According to market news, Goldman Sachs has submitted an application for the Bitcoin Premium Income ETF.

According to Gate market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.5%, the S&P 500 down 0.22%, and the Nasdaq Composite down 0.26%. Goldman Sachs opened down 3.08% after releasing its quarterly earnings report; most large tech stocks fell, with Nvidia down 1.45% and Apple down 0.28%.

According to Jinshi reports, Goldman Sachs' pre-market decline in US stocks has expanded to over 4%.

According to Jinshi reports, Goldman Sachs' pre-market stock price has retraced, with earlier gains turning into losses.

The metal market has seen a short-term pullback. Among them, international gold (XAUT) reached a high of $4,713.3 and a low of $4,621.1 within 24 hours; international silver (XAG) reached a high of $75.73 and a low of $72.79 within 24 hours. As prices broke through key ranges, market risk aversion sentiment marginally receded, significantly amplifying short-term volatility.According to CoinGlass data, Gate's metal contract trading and positions are actively synchronized. Currently, the position size of XAUT is $42.7135 million; the 24-hour contract trading volume of XAG reached $60.4477 million, a substantial increase of 1640.73% compared to the previous period. Against the backdrop of severe market fluctuations, the competition between bulls and bears has intensified, driving a rapid increase in trading activity.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate's contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in core targets such as gold, silver, and globally popular stocks. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.

After 21 hours of negotiations, U.S. Vice President Vance stated that no agreement was reached, as Iran refused to commit to abandoning its nuclear weapons program. Trump had previously warned that if negotiations failed, he would implement "total destruction" against Iran. The Iranian conflict has shaken the cryptocurrency market for several weeks, compounded by tariff issues, causing Bitcoin to briefly drop below $70,000 earlier this month.Before the negotiations began, crypto analysts indicated that if an agreement were reached, Bitcoin could rise to $80,000; if negotiations broke down, it might fall back to $65,000. Bulls noted that on-chain wallet data showed that the largest Bitcoin whales continued to buy during periods of intense geopolitical turmoil rather than selling. Their logic is that if the conflict escalates further and disrupts oil supply in the Persian Gulf, leading to rising oil prices, inflation, and the Federal Reserve delaying interest rate cuts, scarce assets like Bitcoin and gold tend to perform well in such contexts.On the bearish side, gold trader and long-term Bitcoin skeptic Peter Schiff stated that as the conflict escalates, investors will flee from Bitcoin to gold. Peter Schiff predicted that Bitcoin would "collapse," claiming that gold is the only true safe-haven asset in wartime, and further suggested that insiders within the administration might be profiting from the volatility surrounding the conflict. If Trump follows through on his threat of "total destruction," both the stock market and the crypto market will almost certainly face simultaneous sell-offs.Regarding further developments, Vance maintained a firm stance at the press conference but did not rule out the possibility of continued negotiations. The Speaker of the Iranian Parliament demanded a ceasefire in Lebanon and the unfreezing of assets before participating in formal negotiations. For Bitcoin traders, the next 72 hours hinge on two questions: Can the ceasefire agreement hold, and will Trump escalate the conflict? Currently, there are still whales buying at the current price level, indicating that at least some large investors are betting on a stabilization of the situation.

According to Jinshi reports, Alexandra Wilson-Elizondo from Goldman Sachs Asset Management stated that the market had previously prepared for strong inflation data, so today’s data, which was in line with expectations, brings a slight relief. However, this may be the best overall inflation reading we can see for some time, as the data may only partially reflect the full impact of the Iran conflict, which at one point pushed U.S. crude oil and gasoline prices up by about 70%. She added, "The Federal Reserve has room to be patient, and there are ample reasons to do so. Today's data buys time for the Federal Reserve, but the real test lies ahead."

According to a report by businesswire, global index provider MarketVector and Coinbase Asset Management have announced the joint launch of the Coinbase Store of Value Index (COINSOV). This index is based on a rules-based framework that combines Bitcoin and gold, dynamically adjusting asset allocation ratios to respond to market fluctuations, aiming to help investors maintain purchasing power across different market cycles.COINSOV is rebalanced quarterly based on the inverse volatility of the assets, striving to capture Bitcoin's upside potential while maintaining a stable drawdown performance similar to gold. Research from MarketVector shows that this index outperforms traditional static allocations on a risk-adjusted basis and has a smaller drawdown.

According to Gate market data, U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average initially rising by 2.85%, the S&P 500 index up by 2.5%, and the Nasdaq up by 2.8%. Intel (INTC.O) rose by 11%, SanDisk (SNDK.O) increased by nearly 10%, Nvidia (NVDA.O) rose by 2%, and Tesla (TSLA.O) fell by 1%. The Nasdaq China Golden Dragon Index rose by 3%, and Alibaba (BABA.N) increased by 4.6%.

According to Gate market data, spot gold has risen by $130 during the day, currently reported at $4836.88 per ounce, an increase of 2.8%. Spot silver is currently reported at $76.65 per ounce, with a daily increase of 5.1%.

According to Gate market data, tensions in the Middle East have eased, and Nasdaq futures have increased by 2%. Meanwhile, WTI crude oil has plummeted by 11%, falling below the $100 mark, and gold has risen by 1.6%.