Gate News, on March 20, spot gold broke below the $4,600 per ounce level, with a daily decline of 1.09%.

Gate News: On March 20, spot gold declined to touch $4,630 per ounce, down 0.44% intraday; spot silver fell 3.00% intraday, now trading at $70.56 per ounce. The U.S. 10-year Treasury yield (a key indicator measuring the long-term borrowing costs of the U.S. government) rose to 4.33%, the highest level since August of last year.

On March 20, precious metal prices fell, with gold declining to $4,647.09 per ounce and silver to $71.136 per ounce; crypto volatility and foreign exchange markets saw the US dollar exchange rate rise. Global stock indices declined broadly, while WTI and Brent crude oil commodities rose slightly. The Gate platform supports users trading multiple types of financial products.

Despite Middle East conflicts boosting oil prices and the dollar, gold continues to fall. Analysts believe that the Federal Reserve maintaining steady interest rates and market downside risks will suppress gold prices, but in the long term, loose liquidity may drive prices higher, with forecasts of gold reaching $6,000 to $6,200 per ounce.

This article summarizes cryptocurrency news as of March 20, 2026, focusing on the latest Bitcoin updates, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major events in the Web3 sector today include: 1. The World Gold Council launches "Gold-as-a-Service," promoting digital gold infrastructure upgrades; 2. Bezos raises $100 billion to establish a new fund, planning to acquire traditional industrial enterprises and drive transformation with AI; 3. Decentralized social network Bluesky completes $100 million Series B funding round, led by Bain Capital Crypto.

The World Gold Council has introduced 'Gold as a Service' to standardize tokenized gold in digital finance. This initiative aims to enhance liquidity and accessibility for investors, encouraging the adoption of gold-backed digital assets.

Spot gold continues to decline, with today's low touching $4,520, currently trading at $4,680. Bearish address Abraxas Capital has floating gains of $1.93 million, partially taking profits this morning, still holding $17.8 million in gold short positions with an average entry price of $5,187.

Bitcoin rebounded above $70,000 on March 20, with a market cap of approximately $1.41 trillion, but gains were limited by declines in tech stocks and rising demand for safe-haven assets. Institutional capital outflows indicate slowing Bitcoin demand, and investors need to monitor market dynamics to assess potential risks.

Market expert Benjamin Cowen stated that Bitcoin is unlikely to attract capital inflows due to a gold price pullback. Bitcoin and gold prices show high correlation in volatility, with Bitcoin recently declining from $76,000 to $70,000, while gold plummeted 8.54%. Although Bitcoin's price performance against gold demonstrates resilience, Cowen pointed out that market rotation has not yet occurred, and investors need to monitor Bitcoin's support levels to assess risks.

The World Gold Council plans to launch a "Gold-as-a-Service" platform aimed at simplifying the launch process for digital gold products, connecting physical gold custody with digital management, enhancing market liquidity, and promoting the integration and development of gold in the digital finance era.