It was truly a night to witness history! Upon waking up, gold directly surged from around $5250 to $5600! A massive 350-point increase in a single day, this volatility is almost like that of a meme coin. The daily market cap fluctuation is comparable to the market cap of $BTC . Let me briefly analyze the reasons behind this surge.


1. Interest Rate Meeting
Although the Federal Reserve maintained interest rates yesterday, the market's pricing logic has undergone a fundamental reversal. Powell's early morning speech confirmed a fact—the market expects the Fed to shift towards an easing monetary policy, which will lead to increased dollar liquidity expectations, directly weakening the purchasing power of fiat currencies and pushing up the prices of deflationary assets like gold.
2. Fuel from the Short Squeeze
The extreme 350-point surge is more a chain reaction triggered by trading structures. 5300 is a key level for institutions. During the interest rate meeting, buying pressure flooded in, breaking through this critical level, which triggered a chain short squeeze. Much of the fuel for the 350-point rise came from short sellers' stop-loss orders.
#金价突破5200美元 #内容挖矿焕新公测开启
BTC-5,81%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)