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Jinse Finance reports that according to market data, XRP has surpassed $1.5 and is currently at $1.51, with a 24-hour increase of 7.86%. Market volatility is significant, so please manage your risks.

BlockBeats News, April 17th, driven by easing tensions in the Middle East and the rebound in expectations of a Fed rate cut, the international gold price surged significantly, with spot gold rising nearly 2% intraday, approaching the $4900 per ounce level. On the news front, Iranian Foreign Minister Abbas Araqchi stated that the Strait of Hormuz would remain open during the ceasefire, easing market concerns about energy supply disruptions, which in turn pushed oil prices and the U.S. dollar lower in sync. Donald Trump also expressed optimism about reaching a conflict-ending agreement. Analysts pointed out that the pullback in oil prices would help alleviate inflationary pressures, reigniting market expectations of a Fed rate cut. Currently, traders are estimating a 60% probability of a Fed rate cut before the end of the year. Institutional views believe that the weakening U.S. dollar, coupled with expectations of interest rate cuts, provides direct support for gold, and in the short term, the gold price may potentially break through the $5000 level. In addition, in the physical market, due to policy uncertainties, some banks in India have suspended gold import orders, leading to several tons of the precious metal being held up in customs, potentially causing disruptions to the short-term supply-demand structure. Overall, as the market shifts from an "inflation shock" to a "rate cut trade," gold is once again becoming one of the core assets for macro fund allocation.

In popular Chinese concept stocks, Pony.ai rose by 6.8%, Zai Lab by 3.7%, Kingsoft Cloud by 3.6%, Alibaba by 3.1%, Pinduoduo by 2.3%, and WeRide, Tencent, Baidu, and New Oriental all increased by at least 1.5%.