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21:19
Qatar LNG facilities attacked, disrupting supply; buyers turn to the US
Golden Ten Data reported on March 20 that, according to foreign media, after a major liquefied natural gas complex in Qatar was attacked—further tightening global fuel supplies—an increasing number of buyers and importers eager to secure liquefied natural gas turned to the United States for purchases on Thursday. According to informed sources, companies seeking to import liquefied natural gas have directly contacted American fuel sellers. The supplies from these sellers will be used for existing projects and projects under construction. The United States is the world's largest exporter of liquefied natural gas and plans to further expand its export scale through multiple planned or under-construction facilities.
21:03
Spot gold continues its drop below the 100-day moving average following the Federal Reserve decision day, with silver also subsequently falling below the 100-day moving average.
Spot gold has already fallen below the 50-day moving average (this technical indicator is currently near $4,978) on March 18 (the day the Federal Reserve announced its interest rate decision), and once dropped below the 100-day moving average (currently near $4,596), with the 200-day moving average at around $4,081. COMEX gold futures fell 4.86%, quoted at $4,657.80/oz. Spot silver fell 3.33%, quoted at $72.85/oz, and at 21:03 (UTC+8) once dropped to $65.5242. On the basis of breaking below the 50-day moving average (currently at $86.7550) on March 11, it broke below the 100-day moving average (currently at $73.4446) on March 19. COMEX silver futures fell 6.29%, quoted at $72.840/oz, and at 21:03 (UTC+8) once dropped to $65.550. COMEX copper futures rose 0.46%, quoted at $5.5240/lb. Spot platinum fell 2.54%.
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