OCBC and Lion Global Investors are launching a physical gold fund token, GOLDX Token, on Ethereum and Solana blockchains, with OCBC handling design and Lion Global managing investment and governance.

Gate News message, April 20 — Spot gold fell below $4,750 per ounce today, declining 1.76% intraday according to market data.

More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.

On April 17, COMEX gold futures rose by 0.85% to $4,849.40 per troy ounce, while COMEX silver futures increased by 2.82%, settling at $80.93 per troy ounce.

Mitsui & Co. Digital Commodities has launched Zipangcoin (ZPG), representing precious metals, on Optimism's OP Mainnet, enhancing trading efficiency and accessibility for investors. This move supports the adoption of tokenized real-world assets in the digital investment landscape.

Gate News message, April 17 — Gold futures in New York broke above $4,900 per ounce during today's session, rising 1.91% intraday, according to data from Gold Ten.

A Citi study recommends combining Bitcoin and gold in investment portfolios for improved long-term returns, noting better performance in various market conditions. Wells Fargo predicts gold could rise to $8,000 by 2027, driven by central bank concerns. Meanwhile, Bitcoin funding rates have reached lows, historically marking turning points.

Hong Kong stocks closed lower on April 17, with the Hang Seng Index dropping 0.89%. Blue-chip stocks varied, as Alibaba gained amid AI advancements. Newly listed stocks surged, showcasing strong investor interest, while gold stocks fell due to geopolitical tensions.

Former U.S. Treasury Secretary Henry Paulson warns of a potential collapse in U.S. Treasury demand, which could destabilize the financial system and erode confidence in the dollar, shifting investments to Bitcoin and gold. Tether may face risks as well.

Gate News message, April 17 — Spot gold (precious metal commodity traded on global markets) broke through $4,800 per ounce today, rising 0.20% intraday.