At the Shanghai commodity exchange this session, the market is seeing widespread selling pressure as the benchmark gold contract unexpectedly falls by more than 2%, dropping to 935.84 yuan/gram. At the same time, the main contract price for lithium carbonate also plunges by more than 8%, officially breaking through the 130,000 level and falling to its lowest point since February 6.
The broad decline affecting both defensive precious metals and industrial inputs reflects rapid changes in trading sentiment across Asia. Gold cooling off indicates that the demand for short-term safe-haven positioning is stalling, while the sharp drop in lithium prices points to concerns about consumption demand and a prolonged state of oversupply.
The strong adjustment in key commodity inputs creates a repricing effect in international financial markets. Downward pressure from precious metals and raw materials may help ease inflation expectations, which would directly affect the path of bond yields and the near-term position of the U.S. dollar.
For the crypto market, the retreat of capital from traditional safe-haven asset groups such as gold could free up some liquidity to return to riskier investment channels. However, if the commodity market’s selloff is driven by worries about a real-economy downturn,
$BTC and the crypto market still need to remain cautious amid overall volatility pressure.
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