Gold and silver suffer global sell-off.

On March 19, considering that the current inflation risks may force major central banks around the world to end their loose monetary policies and even restart tightening policies, gold and silver joined in the global sell-off of assets. International gold and silver prices both experienced a sharp decline. By the end of the day, the April gold futures price on the New York Mercantile Exchange was $4,605.70 per ounce, down 5.93%. The May silver futures price was $71.215 per ounce, down 8.22%. Some analysts believe that the significant price fluctuations in gold and silver on Thursday are partly due to the large gains in the previous period, which accumulated a large number of profit-taking positions. Investors concentrated on taking profits after encountering bearish news.