Global Financial Markets Face Severe Volatility Again as Institutions Say Market Pricing Logic Undergoing Profound Shift

People’s Financial News, March 24 — The situation in the Middle East has suddenly escalated, causing intense turbulence in the global financial markets again. On March 23, the market showed a rare “ice and fire” dual pattern: on one side, stocks were under pressure and precious metals plummeted; on the other side, energy and chemical commodities surged collectively. Amid the extreme shift between safe-haven logic and inflation expectations, funds rapidly withdrew from traditional safe assets like gold and shifted into crude oil and related energy sectors — the “Black Monday” storm swept across global markets. However, influenced by U.S. President Trump’s latest comments on U.S.-Iran relations, international oil prices plunged sharply that evening, dropping over 13% at one point. Gold’s decline quickly narrowed, and U.S. stock index futures like the S&P 500 also surged rapidly, significantly increasing market volatility. Several institutional analysts pointed out that the core logic of this round of market movement is not solely driven by geopolitical conflicts but by the rapid re-pricing of the “oil price — inflation — monetary policy” chain. Against the backdrop of rising stagflation expectations, market pricing logic is undergoing profound changes.