空头盛宴！黄金日内暴跌超250美元，创五年最大跌幅

Core Viewpoint - The recent sharp decline in gold and silver prices is attributed to technical overbought conditions and a strengthening US dollar, indicating that the correction in precious metals may just be beginning [2][4]. Group 1: Price Movements - Gold experienced its largest drop in five years, falling over $250 in a single day, after reaching a historical high above $4380 [2]. - Silver also saw a significant decline, dropping nearly 8% in the same period [2]. Group 2: Market Conditions - The strong demand for precious metals as a safe haven appears to be cooling, particularly after the seasonal gold buying surge in India has ended [5]. - Traders are increasingly concerned about potential corrections and consolidations in the market, as indicated by the comments from commodity strategist Ole Hansen [6]. Group 3: Trading Dynamics - The absence of key data from the Commodity Futures Trading Commission (CFTC) due to the US government shutdown has left traders without valuable insights into the positions of hedge funds and other money managers in the gold and silver futures markets [6]. - The recent volatility in precious metals has led traders to either hedge against potential declines in their portfolios or attempt to profit from the downturn [9]. Group 4: ETF Activity - The options trading volume for the largest gold exchange-traded fund (ETF) reached a record high, with over 2 million contracts traded in just two days [9]. - Despite the recent price corrections, the absolute scale of gold held by ETFs has not yet reached past peaks, suggesting that upward momentum could continue for a while longer [9].