Bitget has launched USDT-margined BANK perpetual contracts with a leverage range of 1-50x

Spot gold dropped approximately $15 in the short term, hitting a low of $4,122 per ounce.

During Wednesday's European trading session, US stock index futures were subdued as a rebound in US Treasury yields weighed on investor sentiment, with markets awaiting the release of the latest Federal Open Market Committee meeting minutes by the Federal Reserve. The US bond market continued to face pressure, with the 10-year Treasury yield rising above 5.30%, and the 30-year yield hovering around 5.69%. Persistent inflation concerns, a widening fiscal deficit, and a significant increase in artificial intelligence-related bond issuance are key factors keeping yields elevated. Escalating geopolitical tensions in the Middle East are driving up crude oil prices, further intensifying inflationary pressures and sustaining expectations of interest rate hikes. However, recent weakness in US labor market data has lowered expectations for an aggressive tightening policy by the Federal Reserve. According to the CME FedWatch tool, traders currently estimate only about a 22% probability of a rate hike at the Fed's October meeting.

Due to the ongoing fiscal crisis in France and new political risks emerging in Europe, the euro dropped against the pound to its lowest level since June last year. The euro fell as much as 0.4% against the pound to 0.8449, breaking below this year's low set in July. Earlier this week, the euro had already fallen to a 17-month low against the US dollar, and on Wednesday, it also underperformed most G10 currencies. France is currently facing increasing pressure in its bond market. Missed fiscal deficit targets, gridlocked policies, and the possibility of significant policy shifts due to next year's presidential election are all undermining investor confidence. On Tuesday, far-right presidential candidate Marine Le Pen called on the European Central Bank to intervene in order to reduce the rapidly rising government financing costs. The turmoil in the French market has already spread to the European government bond market. Last week, European bonds experienced a large-scale sell-off, reviving memories of the eurozone debt crisis.

Sources say: The price of Malaysian crude palm oil could easily reach 5,000 ringgit per ton, but it is currently unclear when this will happen.