On April 3, precious metal prices fell, with gold and silver dropping 1.72% and 2.81%, respectively. The volatility index dipped slightly, and most of the foreign exchange market remained flat. European stock indexes were broadly lower, except for the UK FTSE 100, which rose slightly. Meanwhile, oil prices surged significantly, with WTI up 13.01% and Brent up 8.09%.

Gate News update: On April 2, according to Gate data, both U.S. and Brent crude oil (WTI crude oil, Brent crude oil) saw a sharp drop in the short term. WTI crude oil (U.S. West Texas Intermediate crude oil futures) fell by nearly $5, to $108.93 per barrel. The report says Iran is drafting a Strait of Hormuz transit agreement with Oman.

Gate News update: On April 2, U.S. front-month crude oil futures (the contract about to expire) set record highs for the premium versus next-month futures (the contract due to expire next month), and also for the premium versus seven-month futures (the contract due to expire seven months later).

On April 2, gold and silver prices fell to $4,596.98 per ounce and $70.366 per ounce, respectively. The volatility indices BVIX and EVIX rose slightly. The U.S. dollar strengthened slightly against the Chinese yuan and the Japanese yen. Major European stock indexes generally declined, while U.S. crude oil prices rose by 13.45%. The Gate platform supports trading across a variety of financial market products.

BTC OG insider mega-whale agent Garrett Jin analyzes President Trump’s speech, saying it suggests a commitment to a hot war, and that the escalation of the Middle East conflict is already set in stone. He notes that the market hasn’t priced this in, that the near-term rebound is driven by positioning, and that the absence of any solution to the war will continue to weigh on oil supply and raise risks for importing countries. A 6% jump in oil prices reflects the reality of the conflict escalating.

On Polymarket, the probability related to WTI crude oil touching $120 in April 2026 has recently risen sharply, and it is currently at 65%. The settlement rules for this prediction contract are: within the specified time, if the price reaches or exceeds $120, then it is "Yes"; otherwise, it is "No".

Gate News message, April 2, Telegram’s built-in crypto wallet Wallet in Telegram announced the launch of perpetual contract trading functionality, supported by Lighter on the technical side. The feature supports more than 50 trading markets, covering multiple asset classes such as metals, stocks, oil, and cryptocurrencies, with a maximum leverage of up to 50x.

On April 2, the precious metals market pulled back. Gold fell to $4,682 per ounce, and silver fell to $72.79 per ounce. The crypto market volatility index edged down, while the U.S. dollar rose slightly against the Chinese yuan and the Japanese yen. Global stock indices showed mixed performance, with both WTI and Brent crude oil rising.

Gate News reports that on April 2, WTI crude oil broke through $103 per barrel, rising 4.07% intraday; Brent crude oil surged by $4 intraday, currently at $102.86 per barrel, up 4.06%. According to reports, Trump stated that if no agreement is reached, he will strike Iran’s energy facilities. As a result, U.S. stock index futures declined; S&P 500 index futures are down 0.5% latest.

Gate News message: April 2, WTI crude oil (U.S. West Texas Intermediate crude oil futures) broke through $100 per barrel, up 0.93% during the day. Brent crude oil (international benchmark crude oil futures) broke through $99 per barrel, up 0.27% during the day. As oil prices rise, Trump is giving a speech.