Spot gold prices surged significantly today, mainly driven by news regarding the Middle East situation. It was reported that the United States facilitated a temporary ceasefire between Iran and Israel, and that the parties agreed to pause hostilities for two weeks and have set negotiations for April 10, further boosting risk-aversion sentiment and once again directing funds toward gold.

Meanwhile, the ceasefire news caused international oil prices to drop sharply, and concerns about inflation rising again were clearly alleviated. The earlier high oil prices had led to expectations that the Federal Reserve would continue with high interest rates, or even consider rate hikes, but those expectations have shifted. Trading capital began to weigh broader expectations for Fed rate cuts; with the opportunity cost of holding non-interest-bearing gold falling, capital continued to flow in steadily, pushing gold prices higher. #Gate广场四月发帖挑战 #加密市场行情震荡 #国际油价走高 #XAU