Gate News Report, March 24 — A Société Générale analyst stated that the ongoing Middle East conflict continues to trigger widespread macroeconomic shocks in global markets, forcing investors to reassess inflation, interest rates, economic growth, and liquidity conditions. Gold is being sold off as it remains one of the few liquidity assets that has still been trending upward over the past year. Gold is under pressure due to concerns that high energy prices will boost inflation and suppress expectations of further interest rate cuts in the short term.
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