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Gold Prices Decline Amid Strong US Dollar and Geopolitical Tensions

Gold prices have retreated due to a strong US dollar and delayed expectations of interest rate cuts. Despite escalating Middle East tensions, including threats in the Strait of Hormuz and ongoing Iran conflict, the stronger dollar and higher rate bets have undercut safe-haven demand, causing gold and other precious metals like silver, platinum, and palladium to fall sharply. This event reflects market concerns over inflation and geopolitical risks impacting precious metal prices.

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      • CC on ETFsCC on ETFs
        ·03-04 16:54

        War in the Middle East Intensifies, but Gold Sells Off — Why?

        After falling more than 4.38% in the previous session and briefly dropping below the $5,000 mark intraday, gold has rebounded today to around $5,169, recovering part of the losses from the prior trading day. The sharp drop and subsequent rebound in gold prices over the past two days have also quickly transmitted to related ETFs. On March 3, the physically backed gold ETFs $黄金ETF-SPDR(GLD)$ and $黄金信托ETF-iShares(IAU)$ fell 4.46% and 4.44% respectively in a single session. Gold mining equity ETFs saw even larger declines, with $黄金矿业ETF-VanEck(GDX)$ dropping 8.76% and $小型黄金矿业ETF(Market Vectors)(GDXJ)$ falling 8.91%. Volatility
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        War in the Middle East Intensifies, but Gold Sells Off — Why?
      • CC on ETFsCC on ETFs
        ·03-04 16:54

        War in the Middle East Intensifies, but Gold Sells Off — Why?

        After falling more than 4.38% in the previous session and briefly dropping below the $5,000 mark intraday, gold has rebounded today to around $5,169, recovering part of the losses from the prior trading day. The sharp drop and subsequent rebound in gold prices over the past two days have also quickly transmitted to related ETFs. On March 3, the physically backed gold ETFs $黄金ETF-SPDR(GLD)$ and $黄金信托ETF-iShares(IAU)$ fell 4.46% and 4.44% respectively in a single session. Gold mining equity ETFs saw even larger declines, with $黄金矿业ETF-VanEck(GDX)$ dropping 8.76% and $小型黄金矿业ETF(Market Vectors)(GDXJ)$ falling 8.91%. Volatility
        看751回复Comment
        点赞66
        编组 21备份 2Share
        Report
        War in the Middle East Intensifies, but Gold Sells Off — Why?
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