金价突然大跌！

Core Viewpoint - The recent fluctuations in gold and silver prices are attributed to a combination of factors including the Federal Reserve's shift towards interest rate cuts, strong global demand for safe-haven assets, and changes in the pricing logic of gold [1] Group 1: Price Movements - Spot gold prices experienced a rapid decline, breaking below $3,800 per ounce after reaching a record high of $3,871 per ounce earlier in the day, marking a daily drop of over 0.8% [1] - Spot silver fell by 1.88%, settling at $46.02 per ounce [1] - The recent rally in gold prices has lasted for seven days, consistently surpassing previous highs, with the last peak recorded at $3,791.08 per ounce on September 23 [1] Group 2: Underlying Factors - The Federal Reserve's entry into a rate-cutting phase has diminished the attractiveness of the US dollar, thereby enhancing the investment value of gold [1] - High levels of US debt, increasing geopolitical uncertainties, and ongoing gold purchases by central banks worldwide are contributing to the support for gold prices [1] Group 3: Changing Pricing Logic - The pricing logic of gold is undergoing significant changes, moving away from its traditional correlation with US dollar interest rates and inflation expectations [1] - Factors such as the trend of de-dollarization, global central bank demand for gold, and the restructuring of the monetary credit system are positioning gold as a core asset in the new financial order [1]