Gold Led Capital.com Trading as US Tech Activity Rose in Q2

Gold Spot topped Capital.com’s second-quarter rankings with $477.1 billion in trading volume, ahead of US Tech 100 at $292.4 billion. Gold led the platform from April through June 2026 even as technology trading gained ground later in the period.

Gold had also led activity in the first quarter and made up more than half of platform volume in January. Across the first half, Capital.com recorded 80.9 million closed trades and $2.45 trillion in volume. That was 27.7% above the total for July through December 2025, marking a stronger six-month period for activity on the platform.

The shift within the second quarter showed up in May, when US Tech 100 volume climbed 48% from April. It rose again in June, while gold prices pulled back and equity-market activity increased. Gold nevertheless kept the lead by quarterly volume, showing how a monthly pickup in one instrument can coexist with a different ranking across the full quarter.

The technology increase coincided with a major artificial intelligence earnings announcement. NVIDIA announced May 20 that revenue for its fiscal quarter ended April 26 was $81.6 billion, up 85% from a year earlier. The timing places the earnings release alongside the increase in US Tech 100 activity.

Crypto trading showed a different pattern in February. Capital.com clients active in crypto traded less often and took smaller positions as Bitcoin (BTC) volatility against the U.S. dollar reached 17.9%, its first-half high. That activity pattern differed from the subsequent increase in trading of US Tech 100.

Capital.com’s figures cover transactions on its platform, which offers contracts for difference (CFDs). A CFD provides exposure to price changes without ownership of the underlying asset, so these totals do not measure broader trading in gold, technology shares or crypto. The detailed country profiles cover Germany, the Netherlands, Poland, Italy, Australia, the United Kingdom and the United Arab Emirates, with no U.S. country profile. The dollar amounts therefore describe platform activity in these instruments, not purchases of physical gold or technology shares across the market.