Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Gold Prices Plummet After Losing US$2.4 Trillion in Two Days
The global gold market recorded a loss of around US$2.4 trillion in just the last 48 hours, according to TradingView, Wednesday (22/10). Furthermore, the global gold market continued to plummet after a day earlier it dropped around 6.3% in one trading day, marking the largest decline since April 2013.
The decline in gold prices, known as a safe haven asset, is usually triggered by fundamental changes in global monetary policy and investor sentiment.
This is in line with the strengthening of the US dollar and speculation regarding global central bank policies. Furthermore, the market is currently awaiting certainty on whether this decline is only short-term or long-term.
Then, the missing US$2.4 trillion is equivalent to the gross domestic product of (PDB) of several major countries, which shows how severe the losses have occurred in a very short time.