The wave of technology stock sell-offs on Wall Street increases pressure on the gold market, with prices briefly falling below $4,100 during the Asian morning session.

Golden Ten Data reported on June 24 that, according to foreign media analysis, the ongoing sell-off of Wall Street technology stocks has prompted investors to reduce their gold holdings to offset losses in other assets within their portfolios, leading to a continued decline in gold prices. The international spot price of gold once fell below $4,100 per ounce, marking the lowest closing price in two weeks. On Wednesday, as the market worries that the AI-driven rally in the stock market may be overdone, Asian stock markets may extend their losses. The plunge in technology stocks has intensified the pressure on gold prices, which were already under pressure due to persistent inflation risks and expectations that the Federal Reserve will raise interest rates.