The global situation is once again turbulent, with spot gold surging 10% in 20 days, breaking through $4800/oz.

BlockBeats News, January 21st, according to Bitget market data, spot gold has surged 10% in 20 days, breaking through $4800 per ounce for the first time, with a year-to-date gain of over $480.

Amid renewed international tensions, US officials stated that despite withdrawing the strike against Iran last week, Trump seeks a "decisive" impact on Iranian actions, raising the probability of a military strike. Trump escalated tariff threats against Europe and took a tough stance on the Greenland issue at the Davos Forum, further exacerbating market concerns about a new US-Europe trade war. Today, the Japanese government bond market also experienced a selling storm, with the 30-year and 40-year yields soaring over 25 basis points in a single day, described by traders as the "most chaotic trading day in recent years."