Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Gold plummets below $4930, Brent crude rallies to stand above $100, cryptocurrencies see collective decline, over 90,000 people liquidated
Journalist | Jin Shan
Editor | Li Yutong
On the evening of March 18, gold experienced a short-term plunge, with spot gold falling over 1.5%, losing the $4,930 level. Spot silver also saw a brief decline, dropping 0.9% to $78.5 per ounce.
In international crude oil markets, both WTI and Brent crude oil surged briefly, with Brent rising nearly 1% to $100.37 per barrel.
In cryptocurrencies, major coins collectively declined, with Bitcoin dropping below $73,000. According to Coinglass, over 90,000 traders were liquidated in the past 24 hours.
On the news front, according to Xinhua News Agency citing Tasnim News Agency and other Iranian media reports on the 18th, Iran’s South Pars petrochemical facilities were attacked by the U.S. and Israel. Details of the attack are still under investigation.
Deutsche Bank Research recently released a special report on precious metals, analyzing the future trajectory of gold prices and the impact of recent market corrections. Deutsche Bank precious metals analyst Michael Hsueh reaffirmed their long-term forecast of gold reaching $6,000 per ounce. The study notes that gold’s asset properties are shifting, with its positive correlation to risk assets strengthening, potentially amplifying risks in investment portfolios rather than simply hedging against them. (See more)
Sina’s major platform for futures account opening—safe, fast, and reliable
Sina Statement: This message is reproduced from Sina’s partner media. Sina.com publishes this article to share more information and does not necessarily endorse its views or verify its content. The article is for reference only and does not constitute investment advice. Investors operate at their own risk.
Massive information, precise analysis, all on Sina Finance APP
Editor: Song Yafang