Inflation and Geopolitical Risks Heat Up! Oil and Gold Prices Rise, Stock and Currency Markets Suffer, Over 800 Million Magnesium Worth of Margin Calls Across the Web

Inflation and Geopolitical Risks Heat Up! Oil and Gold Prices Rise, Stock and Currency Markets Suffer, Over 800 Million Magnesium Worth of Margin Calls Across the Web

Inflation and Geopolitical Risks Heat Up! Oil and Gold Prices Rise, Stock and Currency Markets Suffer, Over 800 Million Magnesium Worth of Margin Calls Across the Web

Under the dual pressures of inflation and geopolitics, global risk assets experienced a significant decline last night.

According to The Wall Street Journal, after Israel’s airstrike on the Iranian embassy in Syria on April 1st, Iran threatened retaliatory actions against Israel. US intelligence indicates that Iran may launch an attack on Israeli territory over the weekend, which would be the most serious escalation in the region since the outbreak of the Israeli-Hamas war last October. This news has led to an increase in oil prices, further exacerbating market concerns about inflation and putting pressure on already uncertain markets.

In addition, geopolitical risks have triggered a flight to safety among market investors, leading to a sharp increase in gold prices, with prices briefly surpassing $2,400 per ounce. Meanwhile, US stocks and cryptocurrencies experienced significant declines last night.

The cryptocurrency market has suffered particularly severe losses. According to Coinglass data, a total of 297,497 individuals have been liquidated in the past 24 hours, with a total liquidation amount of $930 million, of which long positions accounted for over $800 million. Although the decline in Bitcoin and Ethereum is not significant, the bearish sentiment that has been suppressed in altcoins in recent days was ignited by the negative news, resulting in nearly a 20% pullback for most altcoins last night.

(This article is authorized to be reproduced from GT Radar.)

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