Gold dark pool plummets

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Deep Tide TechFlow News, March 1 — According to Jin10 Data, the U.S. and Israel attacked Iran, causing gold prices to fall. On February 28 local time, the U.S. and Israel’s attack on Iran triggered global risk aversion. Market analysis suggests that prices of gold and other precious metals will see a significant increase. However, it is noteworthy that after rising on February 28, the gold dark market experienced a sharp drop on March 1. Economist and member of the Ministry of Industry and Information Technology’s Information and Communications Economy Expert Committee Pan Helin stated that the death of Iran’s Supreme Leader Khamenei has temporarily changed market expectations, with the possibility that Iran’s situation could stabilize quickly. If further verification shows that Iran can smoothly transition power after Khamenei’s death, the capital markets may fully reverse expectations, leading to a decline in gold and oil prices, and a rise in U.S. stocks, especially industrial stocks. However, war is uncertain, and Khamenei’s death could also lead to further chaos in Iran.

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