#金价连续第十天下跌 #黄金 $XAU

In March 2026, the international gold price recorded the largest single-week drop in 43 years, with London spot gold falling below 4300/ounce, raising doubts about the logic of 'gold in chaotic times'.

The plunge was due to a significant drop in the Federal Reserve's hawkish rate cut expectations, the backlash of Middle Eastern conflicts on safe-haven attributes, selling pressure from high-profit-taking, and a resonance of quadruple pressures from a liquidity crisis, compounded by the hegemony of the dollar and historical supply pressures.

The gold jewelry market is currently seeing a bottom-fishing trend, investment in gold bars is cooling, long-term central bank gold purchases still provide support, and short-term attention is on the support level of 4430-4500.