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23:40
Spot gold surpasses $5,380 per ounce
The spot gold price has reached $5,380 per ounce, with a daily increase of 1.94%.
23:39
Overview of Major Overnight Developments on March 2
21:00 (UTC+8) - 7:00 (UTC+8) Keywords: Iran, Trump, Israel, Michael Saylor 1. Former Iranian President Ahmadinejad was attacked and killed; 2. The US stated that its military actions against Iran did not involve nuclear facilities; 3. Trump: Military actions against Iran may last for 4 weeks; 4. Trump: Iran's new leadership wants dialogue, I agree to negotiate; 5. Joint statement by the UK, France, and Germany: "Necessary defensive actions" may be taken against Iran; 6. Israeli Prime Minister: The intensity of strikes against Iran will further increase in the coming days; 7. Michael Saylor once again released Bitcoin Tracker information, and may disclose additional purchase data next week.
23:36
Middle East Escalation Triggers Global "Flight to Safety": Gold, Silver, and Oil Surge Together, U.S. Stock Futures Decline
BlockBeats News, March 2nd. The sudden escalation of the Middle East situation caused violent fluctuations in the global market, with funds pouring into safe-haven assets. In early Monday Asia trading, spot gold and silver opened higher across the board, international oil prices surged by up to $8, and US stock index futures generally fell. Spot gold rose to $5374 per ounce, up 1.8%; spot silver was at $96 per ounce, up 2.6%. International oil prices saw a sharp jump, with Brent Crude briefly rising to $82.37 per barrel, and WTI Crude Oil reaching $80.82 per barrel. Market concerns about the escalating US-Iran conflict's potential impact on the shipping route of the Strait of Hormuz, which accounts for about a quarter of global seaborne oil trade. On the US stock side, the three major stock index futures opened lower, with Nasdaq and Dow futures falling by over 1% and S&P 500 futures down by over 0.9%. Funds flowed into US Treasuries, gold, Swiss franc, and other traditional safe-haven assets. Several institutions have warned that if oil prices continue to rise to the $90–100 per barrel range, inflationary pressures may resurface, and the Fed's interest rate cut trajectory may be forced to adjust. Some strategists have pointed out that the current global stock market valuations are high, combined with geopolitical shocks, short-term "risk-off" trades may dominate the market. The market generally believes that the future trend will depend on whether the shipping route of the Strait of Hormuz remains open and if the conflict becomes prolonged. If energy transport is not materially affected, risk assets may stabilize temporarily. However, if the situation continues to escalate, oil prices resonate with inflation expectations, and global stock markets and emerging market assets will face greater pressure.
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