On March 21, escalating Middle East tensions combined with a sudden surge in Federal Reserve rate hike expectations triggered systemic shocks across global markets. U.S. stocks fell for the fourth consecutive week, marking the longest losing streak in a year, with the Nasdaq dropping over 2% in a single day and technology stocks facing broad pressure; global bond yields surged sharply, with U.S., UK, and German bonds all hitting multi-year highs as funds undertook large-scale deleveraging.

Commodities showed sharp divergence, with gold breaking through the $4,500 mark, plunging over 10% in a single week—the steepest decline since 1983, raising questions about its safe-haven status; crude oil spiked due to Middle East supply risks, with Brent crude rebounding above $110 per barrel and Dubai crude futures surging over 16% in a single day. Meanwhile, Bitcoin found support near $70,000 and has outperformed gold for three consecutive weeks.

Market analysts believe that geopolitical conflicts are pushing up energy prices and intensifying inflation expectations, forcing monetary policy path repricing, rapidly tightening global financial conditions, and keeping risk assets in a downtrend and repricing process. #Gate13周年全球庆典