On July 14, according to CCTV News, former US President Trump was shot at a campaign rally in Pennsylvania. The incident triggered widespread concern and volatility in global financial markets. The sudden incident not only increased market uncertainty, but also had a significant impact on the price movements of multiple asset classes, especially safe-haven assets such as gold and Bitcoin.
Gold is good
After the attack on Trump, the gold market reacted quickly. According to the latest data, the London spot gold price exceeded the US$2,400/ounce mark, and COMEX gold futures prices also showed a significant upward trend. This reaction was mainly due to increased demand for safe havens in response to heightened global political and economic uncertainty. Researcher Yang Haiping pointed out that although gold faces the challenge of price fluctuations in the short term, the Trump incident has increased investors' preference for safe-haven assets, thereby enhancing the investment attractiveness of gold.
However, Zhou Maohua of Everbright Bank warned that although the current market atmosphere is favorable for gold, gold is at a historical high and future trends still need to pay attention to multiple factors, including geopolitical risks, inflation expectations and the direction of the Fed's policy. In this context, the continued rise of the gold market may be deeply affected by market sentiment and economic data.
Bitcoin’s market dynamics and reaction characteristics
The Trump incident also had a significant impact on the Bitcoin market. As a digital safe-haven asset, the price of Bitcoin quickly broke through the $60,000 mark after the incident. According to CoinGecko data, Bitcoin rose by 3.4% within 24 hours, showing the market's rapid response to digital assets.
Yu Jianing, co-chairman of the exchange, pointed out that the high volatility of the Bitcoin market makes it more sensitive to the impact of major political events. The Trump incident has further increased investors' bullish sentiment on Bitcoin, especially in the context of increasing political uncertainty, Bitcoin may be sought after as an alternative safe-haven asset.
However, Xue Hongyan of Xingtu Financial Research Institute reminded investors that the endogenous factors and regulatory risks of the Bitcoin market still exist, and investors need to be cautious when chasing high-volatility assets. Although the Trump incident has driven the price of Bitcoin up in the short term, the sustainability and stability of the market remain in doubt.
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