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

On March 20th, precious metals market gold and silver prices fell to $4,647.09 per ounce and $71.136 per ounce respectively; crypto volatility and foreign exchange market US dollar exchange rates rose. Global stock indices generally declined, while WTI and Brent crude oil commodities increased slightly. Gate platform supports users to trade multiple types of financial products.

尽管中东冲突提升了油价和美元，黄金却持续下跌。分析师认为美联储维持利率不变和市场下行风险将压制金价，但长期看流动性宽松可能推高金价，预测未来金价达到6000-6200美元/盎司。

世界黃金協會推出了「黃金即服務」(Gold as a Service)，以標準化數位金融中的代幣化黃金。該舉措旨在增強投資者的流動性和可及性，促進黃金支持的數位資產的採用。

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

Bitcoin rebounded above $70,000 on March 20th, with a market cap of approximately $1.41 trillion, but gains were limited by declines in tech stocks and increased 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 inflows due to a gold price pullback. Bitcoin and gold price fluctuations are highly correlated, with Bitcoin recently declining from $76,000 to $70,000, while gold has plummeted 8.54%. Although Bitcoin's price performance against gold shows resilience, Cowen points out that market rotation has not yet occurred, and investors need to monitor Bitcoin's support levels to assess risk.

In the context of escalating conflicts between the United States, Israel, and Iran, traditional safe-haven assets like gold and Bitcoin face dual pressures. Rising oil prices push up inflation expectations, delaying Federal Reserve rate cuts, which reduces gold's appeal; while Bitcoin is affected by tightening macro liquidity, with prices declining. Despite continued inflows into Bitcoin ETFs, elevated oil prices and tight monetary policies may continue to suppress the performance of both asset classes in the short term.

Gate News, on March 19, gold prices recently broke below the $4,600 mark. Market analysts believe that the surge in U.S. Treasury yields (an indicator measuring bond investment returns) and the Federal Reserve's (the U.S. central bank) delayed interest rate cut expectations are the main factors putting pressure on precious metals prices.

Gate News reported on March 19 that, according to Lookonchain monitoring, despite falling prices in gold and silver, on-chain addresses continue to buy related tokens. Address 0x4ff9 went long on 46,968 SILVER tokens with 2x leverage 2 hours ago, worth $3.25 million. Address 0xfe40 went long on 796 GOLD tokens with 20x leverage 1 hour ago, worth $3.66 million.