Core Viewpoint - Recent statements from U.S. President Trump regarding trade agreements and a strengthening dollar have led to a significant decline in gold and silver prices, which had been trading at high levels [1][3]. Group 1: Gold Price Movements - On October 17, gold futures and spot prices reached intraday historical highs of $4,392 and $4,380 per ounce, respectively [1]. - By the end of the trading day, gold futures for December delivery on the New York Commodity Exchange closed at $4,213.30 per ounce, marking a decline of 2.12% from the previous day [3]. - London spot gold prices fell below $4,200 per ounce during the day [3]. Group 2: Silver Price Movements - Silver prices also experienced a decline, with December silver futures closing at $50.62 per ounce, reflecting a drop of 5.01% [3]. - London spot silver prices saw a daily decline of 5.26%, closing at $54.14 per ounce [3]. Group 3: Market Analysis and Future Projections - Year-to-date, international gold prices have increased by over 60%, primarily driven by the U.S. government shutdown since October [5]. - Long-term support for gold prices is expected from factors such as Federal Reserve interest rate cuts and central bank purchases [5]. - Goldman Sachs has raised its gold price forecast for December 2026 to $4,900 per ounce, while Bank of America has set a target of $5,000 per ounce for the same period [5]. - Despite the bullish outlook, some investment institutions caution that the rapid increase in gold prices may lead to volatility and potential sell-offs if price momentum stalls [5].
黄金、白银,双双急跌!
Chang Jiang Ri Bao·2025-10-18 15:24