Gate News Report, March 11 — Gold prices declined in early trading but remained around $5200 per ounce as investors digest mixed signals from the Middle East conflict. On the previous trading day, gold prices rose due to a softer dollar and falling oil prices easing inflation concerns. ANZ Bank analysts stated, "However, ongoing developments continue to cast a shadow over the prospect of a rate cut in the United States. This has led investors to continue withdrawing gold from gold ETFs (Exchange-Traded Funds)." Traders are currently awaiting the release of U.S. inflation data tonight to seek more clues about the interest rate outlook.

Since the conflict between Israel and Iran, XRP has outperformed traditional safe-haven assets, rebounding to $1.40 with an increase of approximately 2.22%. In comparison, gold and silver have seen limited gains, while the S&P 500 index declined by 1.1%. XRP's resilience is attributed to the overall recovery of the crypto market, demonstrating the potential value of digital assets during times of risk.

The on-chain financial market platform Theo launches gold-backed interest-bearing stablecoin thUSD and establishes a $100 million pre-deposit pool, which has currently reached 89%. Users can deposit USDC or thBILL on Ethereum, Arbitrum, and Stable Chain. The activity lasts for 6 weeks, with an expected annualized return of approximately 8.3%.

BlackRock stated that despite fluctuations in the precious metals market, the bull market for gold and silver will continue. The main driving factors include increasing government debt, geopolitical uncertainties, and growing industrial demand. It is expected that gold and silver will help diversify risk in investment portfolios.

Ghana Securities and Exchange Commission designates 11 companies to participate in the virtual asset trading pilot, which lasts for 12 months. Participants include 5 exchanges, 3 asset tokenization companies, 1 tokenized gold company, 1 payment system company, and 1 custodian. Those who meet the requirements can obtain an official license.

Bitwise Chief Investment Officer Matt Hougan pointed out in a memo that Bitcoin's price could reach $1 million in the future. He believes Bitcoin is competing with gold for the position of digital store of value, especially against the backdrop of the expanding global store of value market. If Bitcoin captures 17% of the market share, its price is expected to rise significantly.

On March 10th, gold prices rose to $5,218.17 per ounce, and silver prices reached $89.076 per ounce. The cryptocurrency volatility indices BTCD and ETHD both declined. The US dollar against the Chinese yuan slightly decreased, while it slightly appreciated against the Japanese yen. Global stock indices generally rose, and WTI and Brent crude oil prices both increased. The Gate platform supports trading of multiple assets.

Gate News Announcement, March 10 — Capital B Vice CEO Alexandre Laizet posted on the X platform stating that MicroStrategy's perpetual preferred stock product Stretch (STRC) is a Bitcoin accumulation tool. He mentioned that over the next 10 years, the most important assets in the world will be BTC, gold, and

Gate News Report, March 10, market data shows that spot gold rose by $50 intraday, a 1.00% increase, currently trading at $5188.33 per ounce.

On March 10th, gold and silver prices rose to $5157.98 per ounce and $88.521 per ounce, respectively. BTC and ETH volatility indices decreased by 7.61% and 3.81%. The US dollar slightly appreciated against offshore RMB and JPY. European stock indices showed mixed performance. WTI crude oil prices increased by 1.80% to $86.14 per barrel, and Brent crude oil prices rose by 1.54%. The Gate platform offers a variety of financial product trading.