Deep Tide TechFlow News: On March 19, according to Jinshi Data reports, on Thursday, gold prices plummeted 7%, marking the seventh consecutive trading day of decline. Due to Middle East conflicts driving up energy prices and triggering inflation concerns, markets expect major central banks to maintain higher interest rates. Daniel Galibert, commodities strategist at Scotiabank, stated: "Currently, gold has become a widely held investment among institutional investors, driven by currency depreciation trades over the past year. However, the foundation of this trade is now weakening. In the short term, we still believe downside risks exist in the market. Gold still has significant room to fall, but simultaneously retains the support formed by the uptrend during its bull market period."
Deep Tide TechFlow News: On March 19, according to Jinshi Data reports, on Thursday, gold prices plummeted 7%, marking the seventh consecutive trading day of decline. Due to Middle East conflicts driving up energy prices and triggering inflation concerns, markets expect major central banks to maintain higher interest rates. Daniel Galibert, commodities strategist at Scotiabank, stated: "Currently, gold has become a widely held investment among institutional investors, driven by currency depreciation trades over the past year. However, the foundation of this trade is now weakening. In the short term, we still believe downside risks exist in the market. Gold still has significant room to fall, but simultaneously retains the support formed by the uptrend during its bull market period."