Inflation risk repricing triggers market turmoil: gold plunges $105, crude oil surges 9% to reach $85

⑴ Spot gold plunged nearly $105 in the short term, hitting a low of $5160.60 per ounce, then recovered part of the losses. Currently, the intraday decline is 2.50%. ⑵ Brent crude oil touched $85 per barrel for the first time since July 2024, rising more than 9% intraday. ⑶ Analysts at Commerzbank said the market is now placing more emphasis on inflation risks triggered by the Middle East conflict, thereby reducing expectations for interest rate cuts. This also explains why the US dollar continues to strengthen.