Today, the international precious metals market showed a volatile upward trend, becoming an important allocation direction for safe-haven funds. Spot gold broke through key levels multiple times intraday, successively standing at 4,770, 4,780, and 4,790 US dollars per ounce, with a maximum intraday increase of 2.64%; New York gold futures rebounded synchronously, breaking through the 4,800 US dollars per ounce mark, with a maximum increase of 3.02%, hitting a recent high. Spot silver and New York silver futures also performed actively, breaking through 76 US dollars per ounce respectively, with increases of 1.24% and 1.44%.

In the domestic market, tech stocks and innovative drug sectors performed prominently. Yesterday, the A-share pharmaceutical sector set off a daily limit wave, with multiple stocks such as Guangshengtang and Ruizhi Pharmaceutical hitting the daily limit; the Hong Kong innovative drug ETF surged more than 7%; the lithography machine sector also broke out, with Huicheng Vacuum hitting the daily limit and multiple stocks such as Focused Photonics rising sharply. Zhipu’s stock price rose more than 30%, with a market value exceeding 400 billion Hong Kong dollars. Its API call pricing increased by 83% in the first quarter of 2026, and supply still falls short of demand.

In terms of international tech stocks, large U.S. tech stocks generally rose: Micron and Intel rose more than 8%, while Google and Tesla rose more than 2%. In addition, SpaceX has secretly submitted an IPO application, with a target valuation of more than 1.75 trillion US dollars and a maximum fundraising scale of 75 billion US dollars; OpenAI completed a record-breaking financing, with a post-investment valuation of 852 billion US dollars. Analysts said that risk aversion drove precious metals to strengthen, while financing and performance positive factors in the tech sector supported the performance of tech stocks. Investors can focus on opportunities in related sectors in the short term.