Gate News reports that on March 24, BIT (formerly Matrixport) released a chart indicating that gold is experiencing its first significant correction in recent years, with prices falling back to around $4,400. BIT believes that buying interest may gradually emerge in this range, with stronger support possibly around $3,500. In the short term, rising real interest rates typically exert downward pressure on gold prices, but BIT states that this impact is more temporary and not enough to change the medium-term fundamentals. From a medium to long-term perspective, BIT points out that the continued expansion of sovereign debt remains an important structural factor supporting gold demand. Currently, geopolitical tensions are high, with increased national defense spending and government borrowing expected to further expand. BIT believes that in this context, the range below $4,400 may gradually attract more long-term investment attention.
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