Spot Gold Breaks Through $4,700 Per Ounce

Gate Q1 2026 Report: Perp DEX Hits $130B in Trading Volume, TradFi Products Drive Multi-Asset Expansion

Gate News message, April 27 — Gate released its Q1 2026 quarterly report, showcasing sustained expansion across core business segments. Gate Perp DEX entered a scaling phase in the first quarter, recording cumulative trading volume exceeding $13 billion, surpassing 10 million trades, and expanding t

U.S.-Iran talks collapse triggers a sharp drop in gold prices, while Bitcoin quickly surges past $79k

Bitcoin rose above $79,000 during the Asian trading session on April 27. At the same time, the spot gold price fell to a low of $4,672.11 per ounce, with an intraday decline of more than $38. The backdrop is that U.S. President Trump canceled the itinerary of his special envoy to Islamabad, Pakistan, and the U.S.-Iran peace negotiations have hit a stalemate. Federal Reserve Chair Powell is scheduled to preside over his final news conference of his tenure at the Federal Open Market Committee (FOMC) on April 29.

Gold falls, and precious metals move lower in sync; a stalemate in US-Iran talks makes investors unwilling to chase prices

Tensions in the Middle East and a stalemate in U.S.-Iran negotiations have disrupted crude oil supplies through the Strait of Hormuz, pushing oil prices higher and raising inflation risks, putting the central bank’s interest-rate path back in the spotlight. Gold has therefore fallen into a zone of technical uncertainty. Spot gold is down by about 0.7% to around $4,675 per ounce, retreating roughly 11% since the conflict at the end of February, while silver and palladium have also weakened. Market funds are mostly on the sidelines, and professional institutions say gold has “lost its direction.” In the short term, it may get stuck in a stalemate.

Hong Kong Finance Chief Chen Maobo: Global Asset Allocation Diversification Accelerates, Digital Asset ETFs Emerge as Key Investment Option

Gate News message, April 26 — Hong Kong's Financial Secretary Chen Maobo published a commentary titled "Converging Greater Energy Through Innovation and Collaboration," outlining the latest perspectives on global asset allocation trends and ETF market development. Chen emphasized that global

Iranian situation latest update: Control over the Strait of Hormuz is upgraded, and Bitcoin is consolidating around $77,000

On April 25, Iran once again escalated its Strait of Hormuz control measures. Bitcoin hovered around $77,500, gold was $4,709, and Brent crude was above $106. With fresh geopolitical turmoil, how will the three major assets move in tandem?

Bitcoin Perpetual Futures and ETFs Function Like Traditional Commodity Rental Model, Says Peng Fu

Gate News message, April 25 — Peng Fu, newly appointed chief economist at XinHuo Group, outlined his analysis of Bitcoin's underlying business logic in a series of posts on X today. According to Fu, the commercial models of Bitcoin perpetual futures and ETFs are fundamentally identical to the