Source: Shenzhen News Network
According to the Financial News Agency on October 18, spot gold fell continuously, breaking below US$4200/ounce, a drop of more than 3%.
Late last night, the International Gold Bank had rapidly collapsed, falling more than 2% in the cash gold disk, $4239.95 / ounce; current silver fell 5.26%, $50.493 / ounce.
On October 16, the Shanghai Futures Exchange issued a notice: "The recent international situation is complex and changeable, and the precious metals market is highly volatile. All relevant units are requested to take corresponding measures to remind investors to do a good job in risk prevention, invest rationally, and jointly maintain market stability. Run."
Bitcoin dropped to $107,000.The trade situation has triggered a record-breaking compulsory plunge in the market, and until now, it has been difficult for cryptocurrencies to a sustained rebound.
The concept of cryptocurrency mining was at the forefront, while Bitfarms and Cipher Mining fell by more than 8%.
On the news front, on the 17th local time, Russian Presidential Press Secretary Peskov said that the meeting between Russian President Vladimir Putin and US President Trump may indeed be held within two weeks or later. Earlier, Trump was asked by reporters after the phone call with Putin,"When will he meet with Putin in Budapest, the capital of Hungary?" He said that he "will meet soon" and "in about two weeks."
Hungarian Prime Minister Viktor Orban said that he has talked to Putin and Mr. Putin separately, and the preparations for the summit in Budapest of the Russian-American president are underway.