Gate News reports that on March 19, gold prices plummeted by 7% on Thursday, marking the seventh consecutive trading day of decline. Market analysis indicates that conflicts in the Middle East have driven up energy prices and sparked inflation concerns, leading markets to expect major central banks to maintain high interest rates. Daniel Galli, a commodities strategist at TD Securities, a major Canadian financial institution, stated: “Currently, gold has become a widely held investment among institutional investors, thanks to currency devaluation trades over the past year. However, the foundation for these trades is now weakening. In the short term, we still see downside risks in the market. Gold has significant room to fall, but at the same time, it can still maintain the support provided by its upward trend during the bull market.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
