gold

BnkToTheFuture co-founder and CEO Simon Dixon stated in a Bitcoin Magazine video interview that there are only three scenarios that would make him sell all his Bitcoin and buy gold: if Bitcoin can no longer be held in a self-custodial manner and generate returns, if peer-to-peer payments cannot be completed without a governmental intermediary, and if the fixed supply of 21 million coins is no longer credible. He mentioned that Bitcoin has performed well in these three aspects since 2011, and if any of them are called into question, he would sell immediately.Dixon believes that the real battleground is not whether Bitcoin can be adopted, as the trajectory of institutional adoption is unprecedented, but rather whether custodial institutions, Wall Street-controlled mining companies, and treasury companies will lead the network towards centralization. He pointed out that if everyone hands over their private keys to institutions like BlackRock, Bitcoin will fail.He also discussed the phenomenon of central banks continuously buying gold instead of Bitcoin and emphasized that holding private keys is a form of resistance; investors need to allocate assets outside of the traditional banking system.

Goldman Sachs predicts that global nominal investment in artificial intelligence will rise from $1.1 trillion in 2026 to $1.8 trillion in 2027, primarily driven by an increase of over $500 billion in hardware spending in the United States.

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

According to official social media news, Huobi HTX's "Expert Lecture" Episode 8 will officially air today at 19:00 (UTC+8). This episode is themed "Global Asset Revaluation: New Wealth Logic in the Era of High Interest Rates," featuring Huobi HTX Chief Analyst Cloud, who will conduct an in-depth sharing on "Asset Game in the Era of High Interest Rates: Which is More Attractive, U.S. Treasuries, Gold, or BTC?"At that time, Cloud will analyze the investment logic, risk-return characteristics, and future trends of U.S. Treasuries, Gold, and BTC, in conjunction with the global macroeconomic situation, dollar interest rate trends, and cryptocurrency market dynamics. He will explore market opportunities and asset allocation strategies under the changing logic of global asset pricing, providing investors with multi-dimensional market observations and decision-making references.

According to Gate market data, spot gold opened nearly 10 dollars higher, reaching a maximum of 3,995 dollars per ounce.

10x Research, a cryptocurrency market research organization, stated that the average return of Bitcoin after the U.S. midterm elections is a decline of 13.6% in 1 month, a decline of 21.6% in 2 months, a decline of 13.3% in 4 months, an increase of 3.5% in 6 months, and an increase of 53.9% in 1 year.10x Research noted that this phase first experiences a pullback, followed by outperforming the S&P 500 index, the Nasdaq index, and gold within 12 months, with average returns during the same period being an increase of 14.3%, an increase of 23.1%, and an increase of 18.5%, respectively.10x Research indicated that from an 80-year historical perspective, the surge in volatility after elections typically corresponds to the exhaustion of cycles rather than structural institutional breaks. The organization stated that after the Democrats gained control of Congress, higher baseline deficit spending and welfare expansion would accelerate the trend of currency devaluation.10x Research also reviewed historical precedents of cycles after past midterm elections and explained why patient capital should view this pullback as an entry point, with discussions centered around the clearing events proposed after the midterm elections.

According to The Kobeissi Letter, global central banks purchased over 321 tons of gold in the third quarter of 2026, marking the largest quarterly purchase since the fourth quarter of 2024 and the fifth largest quarterly purchase on record. The central bank's gold purchases increased by 8% compared to over 296 tons in the second quarter of 2026 and by 453% compared to the first quarter of 2026.China and Poland led the demand in the third quarter, increasing by over 63 tons and over 40 tons, respectively. As of this year, global central banks have purchased over 675 tons of gold, a 6% increase compared to the same period in 2025.

Goldman Sachs stated on Tuesday that after the inflation data in October exceeded expectations, marking the third consecutive month of higher-than-expected inflation, the firm expects the Federal Reserve to raise interest rates by an additional 25 basis points in March 2027.

According to Bloomberg, informed sources revealed that financial institutions such as Goldman Sachs, Citigroup, Santander Bank, and Deutsche Bank have committed approximately $270 million in funding for a joint stablecoin project.

According to the Financial Times of the UK, Goldman Sachs expects that by 2030, Anthropic's revenue will exceed 600 billion dollars.

After the sharp decline of technology stocks last week, the concentrated holding risk in the U.S. stock market may not have been completely eliminated. The latest data shows that although retail investors and some hedge funds have significantly reduced their positions, global macro funds have largely maintained their existing stock exposure, becoming the next potential market risk of concern for institutions.According to a report by Bloomberg on Tuesday, data from Goldman Sachs' prime brokerage business indicates that as the S&P 500 recorded its worst weekly performance since 2025, global macro hedge funds did not significantly reduce their stock holdings. These funds primarily express macroeconomic and market directional judgments through index futures, exchange-traded funds (ETFs), and swap contracts. Due to their trading often involving large-scale index exposure, concentrated position adjustments could exacerbate volatility in major stock indices if market sentiment further deteriorates.Goldman Sachs data shows that last week, hedge funds' net selling of individual stocks reached the highest level in four months, with technology stocks becoming the most concentrated sector for net selling in both global and U.S. markets. Meanwhile, macro products, including index and ETFs, recorded net buying.In addition to global macro funds, systematic trading strategies may also become an important source of market volatility. Models tracked by Goldman Sachs indicate that approximately 60% of the global stock market is currently showing negative trading signals. According to relevant model estimates, S&P 500 index futures may face a potential selling scale of about $28 billion in the coming week, with potential selling pressure reaching $45 billion over the next month. The position structure in the options market has also increased potential risks.SpotGamma data shows that there is a broad negative gamma exposure in the S&P 500 index within the range of 7000 to 7550 points. In this market environment, options traders may further sell stocks during market declines to hedge their position risks and increase buying during market rises, thereby amplifying short-term price volatility.

According to Gate market data, the overall and core CPI in the United States for October both exceeded expectations. Spot gold briefly plummeted over 30 dollars, currently reported at 4046 dollars per ounce, while spot silver fell over 3.00% during the day, currently reported at 51.72 dollars per ounce.

Today, the metal derivatives market continues to be active, with gold and silver showing a high-level consolidation and repair trend after a strong rally earlier. According to CoinGlass data, the current price of gold (XAU) perpetual contracts is $4,128.8, with a slight decrease of 0.16% over the past 24 hours; the current price of silver (XAG) contracts is $53.26, with a slight decrease of 0.34% over the past 24 hours.Among them, the XAU contracts on the Gate platform had a 24-hour trading volume of $453 million, with a net inflow of $15.08 million, ranking second among global centralized exchanges; the XAG contracts had a 24-hour trading volume of $268.16 million, with a net inflow of $11.24 million, both ranking second across the entire network.

Affected by strong U.S. non-farm payroll data, the market expects the Federal Reserve to combat inflation through interest rate hikes. Gold prices softened in the early session, falling to around $4,060 per ounce.U.S. employment growth was strong in October, the unemployment rate slightly decreased, and the consumer confidence index rose to a three-month high. The market anticipates that the Federal Reserve will raise interest rates in December.

Cryptocurrency analyst Darkfost posted on the X platform, stating that while the cryptocurrency market is weakening, the trading volume of tokenized gold products has rebounded against the trend. The total trading volume of gold-backed products on the Binance platform has exceeded 8 billion dollars since its launch; excluding the peak trading volume during the initial launch period, the trading volume in the past 7 days has reached a new high of over 325 million dollars, with a single-day trading volume of 78 million dollars.According to CoinGecko data, the total market capitalization of tokenized assets is currently about 50 billion dollars, with commodity assets nearing 6 billion dollars in market value, and gold holding a significant share. However, Darkfost reminds that the price of gold has retraced over 30% since the beginning of the year and is currently stabilizing around 4,000 dollars per ounce.

Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone, pointed out that the bear market for Bitcoin may provide guidance for gold and other risk assets. He believes that Trump's shift from a cryptocurrency opponent to a supporter could help him secure re-election in 2024, but now Bitcoin has peaked and retreated. If history is any guide, other risk assets may also follow suit and decline.McGlone noted that Bitcoin's 50-week moving average indicates it is in a downward trend, and gold also faces downside risks. He stated that gold's current volatility is about 2.2 times the annualized volatility of the S&P 500 Index, the highest since 2007, and has become a highly volatile and highly correlated asset. He believes that the Bitcoin bear market may signal a mean reversion in the volatility of the S&P 500 Index, aligning more closely with the typical 1:1 relationship with gold, and that risk assets currently face significant downside risks, with the midterm elections potentially being a decisive factor.

According to official news from Gold House, the parent company of the social platform Gold House has reached a strategic cooperation with the Canadian MSB licensed company LUMINOUS FINANCE LIMITED. The two parties will collaborate on digital currency exchange, fiat currency exchange channels, cross-border fund transfers, and merchant payment settlement, exploring the application of digital assets in global payment and commercial settlement scenarios.This cooperation will combine the resources of both parties in the digital asset ecosystem, financial services, and related compliance businesses, improving Gold House's business layout in the field of digital asset payment and settlement, and providing users and merchants with more digital asset settlement service solutions.

According to the official announcement from OneBullEx, the Spartans strategy ecosystem has launched the "Real Gold Seed Program," which provides real capital support for individual traders and professional strategy teams worldwide. Under this program, the platform will provide initial funding, and eligible strategy providers do not need to invest their own funds to start live trading on Spartans, offering eligible strategy owners the opportunity to expand their management scale.OneBullEx stated that the "Real Gold Seed Program" is part of OneBullEx's efforts to advance the Spartans strategy ecosystem, aiming to connect professional strategy providers with platform resources, exploring collaborative paths from strategy discovery, live evaluation to capital support, and further expanding the network of traders and strategy collaborations within Spartans.