Singapore Exchange listed its first locally-tracked gold ETF on March 26, LionGlobal Physical Gold ETF, with underlying gold purity of no less than 99.5%. This move echoes Hong Kong's gold layout, but current gold prices are under pressure and declining. Analysts point out that due to rising energy prices and inflation expectations, market focus has shifted to inflation and interest rates.

Recently, Bitcoin's price has been fluctuating around $67,500, but related crypto concept stocks have experienced a significant pullback, sparking market concerns about risk. Data shows that the stock prices of many publicly traded companies holding Bitcoin have declined, and some investors are already in unrealized losses. This situation echoes signals from the 2022 crypto market crisis, with funds flowing out of crypto ETFs and investors beginning to reduce their risk exposure. Nevertheless, publicly traded companies still hold large amounts of Bitcoin, and future development depends on increased institutional participation.

February 2 News, global market risk appetite has weakened again. Against the backdrop of uncertain prospects for artificial intelligence and simultaneous declines in precious metals and cryptocurrencies, major European stock indices are expected to open lower. Data shows that the UK FTSE 100 index may fall about 0.5%, the German DAX index nearly 1%, the French CAC 40 index down about 0.8%, and the Italian FTSE MIB index may also experience a similar pullback. This trend echoes the overnight decline in Asia-Pacific markets, with South Korea's benchmark index leading the regional markets lower. Investors are closely watching the sharp volatility in gold and silver. Last Friday, silver plummeted about 30% in a single day, marking its worst performance since 1980, after having more than doubled in the previous 12 months. Gold also came under pressure, falling about 9%. The rapid correction of precious metals has accelerated capital flow into defensive assets.