On March 5, global financial markets showed a broad-based upward trend, with precious metals and cryptocurrencies performing strongly, major stock indexes rising collectively, and geopolitical factors continuing to affect market sentiment. In the international market, precious metal prices continued to climb. Spot gold successively broke through 5,150 US dollars per ounce and 5,160 US dollars per ounce, with an intraday increase of 0.37%. New York gold futures rose synchronously, breaking through 5,170 US dollars per ounce, with an intraday increase of 0.70%.

Both spot silver and New York silver futures broke through 84 US dollars per ounce, with intraday increases of 0.11% and 0.76% respectively. The safe-haven attribute and investment demand of precious metals have increased simultaneously. The cryptocurrency market performed even more brightly. Bitcoin successively broke through the 72,000 US dollars, 73,000 US dollars, and 74,000 US dollars marks, with an intraday increase of 8.32%. Ethereum soared more than 8% to 2,138 US dollars, hitting a one-month high, and market speculative sentiment heated up.

In terms of stock markets, the three major U.S. stock indexes closed higher. The S&P 500 Index rose 1.00% to 6,885.00 points, the Dow Jones Industrial Average rose 0.65% to 48,815.82 points, and the Nasdaq Composite Index rose 1.59% to 22,875.245 points. Major European stock indexes rose across the board, with the Stoxx Europe 600 Index up 1.37%, Germany’s DAX Index up 1.79%, and Spain’s IBEX Index up 2.51%. Japanese and South Korean stock index futures rebounded sharply, with Japan’s Nikkei 225 Index futures rising 3.8% in early trading and South Korea’s Kospi Index futures rising about 8%.

Industry insiders analyzed that the global market’s broad-based rise is mainly due to ample market liquidity, coupled with the safe-haven demand brought about by tense geopolitical situations. Precious metals and cryptocurrencies may remain strong in the short term, but fluctuation risks need to be vigilant.