Market Update | Gold Price Suffers Epic Plunge, March Cumulative Decline Exceeds 20%. Has Gold Become a Risk Asset?

Spot gold and silver experienced sharp declines, with gold falling nearly 9% and silver 10% intraday. Gold's volatility is attributed to its evolution into a multi-tiered financial system with increased tradability and leverage, amplified by margin trading and algorithmic strategies. Global macro hedge funds now treat gold as a macro trading tool, correlating its price with the USD, real yields, and risk assets, rather than solely a safe-haven. While long-term fundamentals suggest a continued safe-haven role, short-term price action is increasingly influenced by liquidity, interest rates, and capital flows, making it behave like a risk asset.▶️ Download our app here:📌 Play Store: ⁠https://play.google.com/store/apps/details?id=com.tradingkey.mobile&hl=en⁠📌 App Store: ⁠https://apps.apple.com/us/app/tradingkey-stock-analysis/id6744304666📢 DISCLAIMERTradingKey provides general information on certain investment products. This information is not intended to constitute financial advice or a recommendation for any specific investment product.