On March 20th, according to Bitget market data, spot gold fell to $4550/ounce after reports that the US would send additional troops to the Middle East, a drop of 2.19% on the day. Spot silver plunged 6.00% on the day, currently trading at $68.45/ounce. The US dollar index (DXY) rose more than 0.5% on the day, reaching 99.76.
In addition, the S&P 500 index fell by 1%, and the Nasdaq index is currently down 1.36%. Meanwhile, short-term interest rate futures prices indicate that the market expects the Federal Reserve to likely raise interest rates in December.
According to HTX market data, Bitcoin has fallen below $70,000 and is currently trading at $69,761.56.
Previous reports indicated that the United States was sending three warships to the Middle East and deploying thousands more Marines there.
