TechFlow Shen Chao, March 24 — According to Kinten Data, analysts at Saxo Bank stated: "The ongoing Middle East conflict continues to trigger widespread macroeconomic shocks across global markets, forcing investors to simultaneously reassess inflation, interest rates, economic growth, and liquidity conditions. Gold is being sold off because it is one of the few liquid assets that has maintained an upward trend over the past year." Gold has come under pressure from risk sentiment concerns, namely that high energy prices will push up inflation and suppress expectations for further rate cuts in the near term.