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Market News Gold surges over $100 intraday to hit a new record high; US Treasury Department pressures Iran's oil again!
Markets News
Gold surges over $100 intraday to hit a new record high; US Treasury Department pressures Iran's oil again!
TOPONE Markets Analyst
2025-04-17 08:39:07

Hot spot tracking

  • Fed Chairman Powell: Cryptocurrencies are becoming mainstream, and related regulations are expected to be relaxed. This news is bullish for cryptocurrencies.
  • Trump: Met with the Japanese delegation and made significant progress. This news is bullish for the yen.
  • OPEC has received updated compensatory production cut plans from eight countries, with a daily reduction of 305,000 barrels of oil until June 2026. This news is bullish for crude oil.

Product Hot Comment

  • Forex
    Product Yesterday's Change Yesterday's Close Today's Open
    EUR/USD 1.02% 1.13986 1.13973
    GBP/USD 0.14% 1.32464 1.32421
    AUD/USD 0.54% 0.63742 0.63735
    USD/JPY -0.92% 141.869 141.755
    GBP/CAD -0.61% 1.83402 1.83517
    NZD/CAD -0.01% 0.82206 0.82216
    📝 Review:On Wednesday, the dollar index fell again as traders waited to see whether the Trump administration would reach a new trade agreement with its trading partners, dropping to around $99 at one point and finally closing down 0.89% at 99.26. U.S. Treasury yields also fell, with the benchmark 10-year yield closing at 4.282% and the more policy-sensitive two-year yield closing at 3.784%.
    🕵️ Operation suggestion:

    USD/JPY 141.750  Sell  Target Price  140.791

  • Gold
    Product Yesterday's Change Yesterday's Close Today's Open
    Gold 3.47% 3342.89 3343.31
    Silver 1.36% 32.74 32.754
    📝 Review:Spot gold extended its record-breaking rally as the U.S. dollar weakened and trade tensions escalated, pushing the all-time high above $3,340, surging more than $100 during the day, and finally closing up 3.49% at $3,342.19 per ounce. Spot silver rose 1.41% to close at $32.74 per ounce.
    🕵️ Operation suggestion:

    Gold 3351.08  Buy  Target Price  3383.16

  • Crude Oil
    Product Yesterday's Change Yesterday's Close Today's Open
    WTI Crude Oil 1.57% 61.925 61.921
    Brent Crude Oil 1.52% 65.315 65.301
    📝 Review:Affected by the new U.S. sanctions on Iran's oil exports, the two crude oils rebounded. WTI crude oil fell first and then rose, recovering all its losses and turning positive during the European trading session, ultimately closing up 1.78% at $61.93 per barrel; Brent crude oil closed up 1.48% at $65.31 per barrel.
    🕵️ Operation suggestion:

    WTI Crude Oil 62.232  Sell  Target Price  59.956

  • Indice
    Product Yesterday's Change Yesterday's Close Today's Open
    Nasdaq 100 -1.74% 18297.55 18271.1
    Dow Jones -1.27% 39716.9 39675.7
    S&P 500 -1.42% 5281.15 5274.725
    US Dollar Index -0.81% 99.08 99.1
    📝 Review:US stocks continued to decline after Powell's speech, with the Dow Jones closing down 1.73%, the S&P 500 down 2.24%, and the Nasdaq Composite down 3.07%. Tesla (TSLA.O) fell nearly 5%, Nvidia (NVDA.O) fell nearly 7%, and Apple (AAPL.O) fell nearly 4%. The Nasdaq Golden Dragon China Index closed down 2.7%, with Alibaba (BABA.N) falling nearly 5%.
    🕵️ Operation suggestion:

    Nasdaq 100 18275.400  Sell  Target Price  17384.602

  • Crypto
    Product Yesterday's Change Yesterday's Close Today's Open
    BitCoin 0.14% 84233.5 84482.9
    Ethereum -1.87% 1571.4 1589.9
    Dogecoin -0.48% 0.15472 0.15582
    📝 Review:From the overall trend perspective, the current market sentiment for Bitcoin is relatively dominated by bearish forces. As of the latest close, Bitcoin's price has stabilized below the 84,300-point mark. However, short-term trends have shown initial signs of stabilizing, with the evening session successfully breaking through the 233-period moving average on the 5-minute chart. If the upward momentum can be sustained, the market is expected to rebound further, and the current bearish outlook lacks sufficient justification. Analyzing the 4-hour structure, Bitcoin has not exhibited a consolidation divergence pattern, which suggests a relatively low likelihood of a deep corrective pullback. Given the current market conditions, it is anticipated that short-term movements will remain range-bound. Personally, I believe Bitcoin's long-term trend remains bullish, with the current market in a phase of high volatility. It is advisable to approach the market from a slightly bullish perspective amid the fluctuations. Meanwhile, the Ethereum exchange rate has retested the support level of its previous daily low in the past two days. If it can effectively halt the decline tonight, Ethereum is highly likely to initiate a significant rebound. Given the imminent market shift, investors are advised to closely monitor the evening U.S. market movements and implement appropriate risk management measures.
    🕵️ Operation suggestion:

    BitCoin 84019.2  Buy  Target Price  86466.2

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