$4000 mark for gold just got smashed, last time it was this low was back in November last year. This drop is really savage, and a lot of folks are sitting on the sidelines now.
On the flip side, oil prices keep tanking, with Brent crude diving below $75, hitting the lowest point since the Iran conflict kicked off. Inventory is also dipping as supply starts to recover slowly.
Heard Russia is going all out exporting crude through its western ports and even hit up Kazakhstan for 50,000 tons of gasoline, probably feeling the pinch from domestic shortages.
Right now, with all this geopolitical tension, the market is digesting it pretty quickly. Once the risk-off sentiment eases up, funds start looking for greener pastures.
$GOLD $BTC
#黄金 #石油 #宏观 #地缘 #market
NFA DYOR
On the flip side, oil prices keep tanking, with Brent crude diving below $75, hitting the lowest point since the Iran conflict kicked off. Inventory is also dipping as supply starts to recover slowly.
Heard Russia is going all out exporting crude through its western ports and even hit up Kazakhstan for 50,000 tons of gasoline, probably feeling the pinch from domestic shortages.
Right now, with all this geopolitical tension, the market is digesting it pretty quickly. Once the risk-off sentiment eases up, funds start looking for greener pastures.
$GOLD $BTC
#黄金 #石油 #宏观 #地缘 #market
NFA DYOR