After briefly touching the $4,800 high, international gold prices experienced a sharp sell-off on Thursday (April 2). U.S. President Trump made a tough statement on Iran, not providing a timeline to end the conflict but instead vowing to "blow Iran back to the Stone Age," which completely dashed market expectations for a quick easing of the Middle East situation. Spot gold plummeted 1.7% on the day, closing at $4,676 per ounce, with an intraday low of $4,554, nearly $250 below the intraday high. U.S. gold futures also fell 2.8%, closing at $4,679.70.

Market analysis suggests that the factors driving gold prices from rise to fall have shifted. On one hand, Trump's tough stance caused oil prices to surge, intensifying inflation concerns and significantly cooling market expectations for Fed rate cuts; on the other hand, the dollar index strengthened, rising back above the 100 mark, making gold more expensive for non-dollar investors. $XAUT This trend is also like Amitabha. #加密市场行情震荡