On March 21st, 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 a fourth consecutive week, marking the longest decline in a year, with the Nasdaq dropping over 2% in a single day and technology stocks coming under broad pressure; global bond yields surged dramatically, with U.S., British, and German government bonds all reaching multi-year highs as capital underwent large-scale deleveraging.

Commodities experienced sharp divergence, with gold plunging below the $4,500 mark, collapsing over 10% in a single week—the largest weekly decline since 1983—raising questions about its safe-haven status; crude oil surged due to Middle East supply risks, with Brent crude rebounding above $110 per barrel and Dubai crude oil futures soaring over 16% in a single day. Meanwhile, Bitcoin found support near $70,000, outperforming gold for a third consecutive week.

Market analysts believe that geopolitical conflicts are pushing up energy prices and exacerbating inflation expectations, forcing a repricing of monetary policy paths, with global financial conditions tightening rapidly and risk assets still undergoing downward repricing. #Gate13周年全球庆典