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BlockBeats News, March 19th, according to Bitget data, the Europe Stoxx 50 index futures fell by 2%.

Jinse Finance reported that on March 19, the Chicago Board Options Exchange Volatility Index ($VIX) is expected to close above 25 for the third consecutive week, marking the third occurrence of this situation since the end of 2022.

(1) Despite the ongoing Middle East conflict, technical breakdowns and changes in market fundamentals have outweighed safe-haven demand, causing gold prices to fall to a six-week low. Saxo Bank's Head of Strategy, Hansen, pointed out that the support level at the 50-day moving average for gold (slightly below $5,000) was breached, triggering sell-offs. (2) On the fundamentals side, the war has pushed up energy prices and inflation expectations, cooling expectations for central bank rate cuts. The market has shifted towards a “higher for longer” interest rate outlook, driving up real yields, which is negative for non-yielding assets like gold. Meanwhile, capital is flowing into dollar assets, creating safe-haven competition with gold. The Federal Reserve is expected to keep rates unchanged, and CME tools show the market has almost ruled out the possibility of a rate cut before this summer. (3) Hansen stated that the Iran-Israel war is a supply-driven inflation shock, and central banks have limited tools to respond, creating an uncertain backdrop for gold. Technically, increased volatility and selling pressure are expected. (4) Silver also fell below $75/oz. Hansen believes that in addition to following gold lower, silver’s industrial attributes make it more sensitive to growth expectations, and concerns over rising energy costs add further pressure. (7) Regarding subsequent support for gold prices, Hansen is watching the initial support near $4,840, with the next support level at $4,660. Spot gold is currently trading near $4,832/oz.