JPSPDRG@EC2703A

PUXING ENERGY

STARCOIN GROUP

KNOWLEDGE ATLAS

EASY SMART GP

WORLD SUPER

XL2CSOPSMSN-U

PPS INT'L

LAP KEI ENGRG

CHINA FORTUNE

XL2CSOPSMSN

GDXJ

600489

518850

GOLD

NUGT

600547

GDXY

09824

SGDJ

SGDM

601899

GLDM

GDXU

RING

GOEX

02824

02840

In 2025, global banks' precious metals trading desks achieved a record revenue of $3.9 billion, the highest in a decade, driven by significant market dislocations and increased trading volumes. Veteran traders described the year as tumultuous, with gold and silver prices surging. Factors such as U.S. tariffs and heightened demand from hedge funds contributed to the volatility and profit opportunities. Major banks capitalized on price differentials between London and New York, while trading volumes surged, prompting firms to expand their precious metals offerings. The market saw increased activity in options trading, further boosting dealer revenues.

Bloomberg

Agnico Eagle Mines

Invesco Db Precious Metals ETF

VanEck Junior Gold Miners ETF

ZHONGJIN GOLD

ChinaAMC Gold ETF

Sprott Active Gold & Silver Miners ETF

Kinross Gold

SPDR Gold Shares

iShares MSCI Global Silver Miners

Abrdn Precious Metals Basket ETF Trust

VALUEGOLD ETF

iShares Gold Trust

VanEck Gold Miners ETF

Us Gbl GLD & Met

Gold.com

Direxion Daily Gold Miners Bull 2X

SD-GOLD

Direxion Daily Jr Gold Miners Bull 2X

Pro Ultr Silver

YieldMax Gold Miners Opt Inc Strgy ETF

Abrdn Gold ETF Trust

Hunan Silver

EFUND GOLD MI-U

Silvercrest Metals

Sprott JR Gold Miners ETF

Sprott GLD Miners Etf

Zijin Mining

CHI SILVER GP

Pro Ultr GLD

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

SPDR Gold Minishares

Abrdn Silver ETF Trust

Global X Silver Miner

Roundhill Gold Miners Weeklypay ETF

Microsectors Gold Miners 3x Leveraged ETN

iShares MSCI Global Gold Miners

GLOBAL X Gold Explorers

Sprott PHYs Silver

EFUND GOLD MI-R

EFUND GOLD MI ETF

Newmont

Sprott Silver Mnrs & Physical Silver ETF

SPDR GOLD TRT

iShares Silver Tr

Gold Traders Made a Record $3.9 Billion in 2025, Coalition Says

603353

Oil Crisis Will Be 'Much Worse' in April, IEA -2-

marketscreener

HSPC

iShares US Oil & Gas Expl & Prod

Pro Ultr Bloomberg Crude Oil

Occidental Petroleum

Us Brent Oil

SPDR O&G Equip

VanEck Oil Services ETF

VG Energy

ISHRS S&P Glb Engy

iShares US Oil Equip & Svcs

BP p.l.c.

SPDR O&G Ex & Prd

United States Oil Fund LP

Invesco DB Multi Sector Comm TR Oil Fd ETF

SPDR Energy Select

VanEck Oil Refiners ETF

Oil Crisis Will Be 'Much Worse' in April, IEA -2-

Gold prices have surged above $4,500 per ounce, but analyst Mike McGlone warns this may indicate a generational peak. The recent rise was fueled by a weaker dollar and potential de-escalation in the Iran conflict. McGlone notes gold's volatility has increased, and it may face its largest monthly decline since the 1980s due to hawkish monetary policy. He also suggests that silver's recent surge could signify a historic peak. The future of precious metals will depend on the ongoing conflict in Iran, with potential price fluctuations between $4,000 and $5,000 per ounce.

Invezz

Gold’s explosive surge may mark a generational peak, analyst warns

Reuters

Global X MSCI Vietnam ETF

VanEck Vietnam ETF

SNAPSHOT-Vietnam dong, gold rates - April 1

03170

The departure reasons for two senior metals traders, Vincent Domien and Mathew O’Neill, are unknown. When they joined, Tether was in the midst of a record-breaking gold purchasing year, aiming to build the "world's best gold trading desk." However, gold prices fell in March under multiple pressures, and both gold and Bitcoin faced pressure simultaneously. Analysis suggests Tether chose to downsize the team after completing its position building

- Tether, a leading stablecoin issuer, has laid off senior metal traders Vincent Domien and Mathew O'Neill, who joined from HSBC amid a record year for gold purchases.  
- The layoffs come as Tether faces pressure from declining gold prices and ongoing market volatility, with gold experiencing its worst monthly performance since 2008 due to various economic factors.  
- This personnel change coincides with Tether's efforts to undergo a significant transformation, including its first comprehensive financial audit and a pause on raising up to $20 billion in external funding until the audit is completed.

Wallstreetcn

HS GOLD ETF

After Aggressive Gold Buying, "Stablecoin Leader" Tether Suddenly Dismisses 2 Gold Traders, Only "Months After" Poaching Them from HSBC

00621

SPDR Gold Trust, the world's largest gold ETF, has increased its holdings by 1.143 tons, bringing the current total to 1,047.276 tons. According to Jin10, this adjustment reflects ongoing shifts in investor sentiment towards precious metals amid global economic uncertainties. The increase in holdings suggests a growing interest in gold as a safe-haven asset, potentially influenced by recent market volatility and geopolitical tensions. Investors are closely monitoring these developments as they assess the implications for future gold prices and market stability.

CoinLive

TAUNG GOLD

E Fund Gold ETF

SPDR S&P Mtls & Mng

PRECIOUS METALS | SPDR Gold Trust Holdings Increase by 1.143 Tons

Gold prices surged on Tuesday, with Front Month Comex Gold rising by $118.90 (2.61%) to $4,676.40 per troy ounce, following reports that President Trump is considering ending the Middle East conflict. Silver also saw a significant increase. Amid ongoing tensions, Trump appears to favor diplomatic solutions over military action regarding Iran, while U.S. troops remain deployed in the region. The U.S. dollar weakened, and economists raised concerns about stagflation, although Goldman Sachs predicts gold could reach $5,400 per troy ounce by 2026.

nasdaq

Gold Surges As Reports Indicate Trump Plans To End The Gulf War

The demand for precious metals has cooled in recent months, but that could change if investors grow concerned about the economy.

Direxion Daily Gold Miners Bear 2X

Direxion Daily Jr Gold Miners Bear 2X

Tianhong Shanghai Gold ETF

Gold and silver prices are crashing. What's more likely to bounce back?

SSRM

The Canadian S&P/TSX Composite Index rose sharply by 1.61%, reaching 32,448.67, driven by gains in materials, technology, and healthcare sectors amid reports of U.S. President Trump's potential end to military actions against Iran. Materials stocks surged, with the Materials Capped Index up 4.2%, supported by rising gold and silver prices. Notable gainers included Ssr Mining, Novagold Resources, and Shopify. Additionally, Statistics Canada reported a 0.2% GDP growth in February, extending January's revised growth of 0.1%.

SSR Mining

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Shopify 

Novagold Res

China Southern CSI SWS Non-Ferrous Metal ETF

New GLD

ISHRS MSCI Glb Slct Met & Mining

Canadian Market Up Sharply; Materials, Technology Stocks Among Major Gainers

PRECIOUS-Gold gains but heads for biggest monthly loss in nearly two decades

Gold prices rose nearly 1% to $4,560 an ounce, aided by Federal Reserve Chair Jerome Powell's comments that eased rate-hike expectations. Despite this, gold is set for a 13% monthly loss, its worst since October 2008. U.S. gold futures for June delivery increased by 0.7% to $4,588. The dollar is on track for its best month since October 2024, influenced by Middle East tensions. Powell indicated that inflation expectations are stable and downplayed the need for immediate rate hikes. Additionally, reports suggest a shift in U.S. military strategy regarding Iran.

Gold Gains After Powell's Reassuring Comments On Inflation

KraneShares Dragon Cptl Vtnm Gr Idx ETF

SNAPSHOT-Vietnam dong, gold rates - March 31

SPDR GOLD TRT-U

SPDR GOLD TRT-R

PRECIOUS-Gold set for worst month in more than 17 years as US rate-cut hopes fade

.DJI

NDAQ

U.S. President Donald Trump is reportedly open to ending the ongoing conflict despite the strait being closed. This has resulted in a short-term increase in U.S. stock index futures, with the Nasdaq up by 0.5%. In contrast, WTI crude oil has reversed its intraday gains and turned negative, while gold has risen modestly by 0.7%.

Dow Jones Industrial Average

Nasdaq

NASDAQ Composite Index

iShares NASDAQ 100 ETF USD Acc

Fidelity Nasdaq Composite Index ETF

VG Mga Cap 300 Grw

VALUEGOLD ETF-U

Schw Us L-Cp Grw

iShares Dow Jones US

iShares Core S&P US Growth

iShares Core S&P 500 ETF USD Acc

VG S&P 500

SPDR S&P 500

Invesco QQQ Trust

U.S. President Donald Trump Open to Ending War Amidst Closed Strait, Reports Say

JPSPDRG@EC2703A(27186.HK)

JPSPDRG@EC2703A Stock Performance Chart

Gold Traders Made a Record $3.9 Billion in 2025, Coalition Says

Oil Crisis Will Be 'Much Worse' in April, IEA -2-

Gold’s explosive surge may mark a generational peak, analyst warns

SNAPSHOT-Vietnam dong, gold rates - April 1

After Aggressive Gold Buying, "Stablecoin Leader" Tether Suddenly Dismisses 2 Gold Traders, Only "Months After" Poaching Them from HSBC