The cryptocurrency sell-off affects precious metals, causing gold prices to decline.
According to ChainCatcher, citing Golden Ten Data, gold prices fell during the Asian morning trading session under the spillover effect of the cryptocurrency sell-off. IG Chief Market Analyst Chris Beauchamp pointed out that the cryptocurrency bear market has evolved into a full-blown market rout, with widespread sell-offs sweeping across various asset classes, and commodities are also deeply mired in a downtrend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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