TechFlow News, March 19: According to JINSHI Data, gold prices plunged 7% on Thursday, marking the seventh consecutive trading day of declines. Escalating Middle East tensions have driven up energy prices and stoked inflation concerns, prompting market expectations that major central banks will maintain elevated interest rates. Daniel Ghali, Commodities Strategist at TD Securities, stated: “Gold has become a widely held investment among institutional investors, fueled over the past year by currency depreciation trades. However, the foundation for such trades is now weakening. In the near term, we still see downside risks in the market. Gold retains significant room for further declines, yet continues to benefit from support levels established during its prior bull market.”
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