Market Performance - The three major U.S. stock indices closed mixed, with the Dow Jones rising by 0.47%, the S&P 500 remaining flat, and the Nasdaq declining by 0.16%. The Dow reached a new all-time high [1] - Major tech stocks showed varied performance, with Amazon rising over 2%, while Nvidia, Oracle, and Google fell more than 2% [1] - The Nasdaq Golden Dragon China Index fell by 0.97%, with most popular Chinese stocks declining, including Alibaba down nearly 4% and JD down nearly 3% [1] Precious Metals Market - The precious metals market experienced a significant downturn on October 21, with gold and silver facing rare drops. Gold saw its largest daily decline in twelve years, dropping to a low of $4,082, a 6.3% decrease [1][3] - Silver also dropped sharply, with spot silver falling below $47.90, marking an 8.7% intraday decline, the largest since February 2021 [3] Factors Influencing Precious Metals - Multiple factors contributed to the end of the previous upward trend in precious metals, including changes in the Russia-Ukraine situation, which reduced the demand for gold as a safe-haven asset [5] - A stronger U.S. dollar, technical indicators showing overbought conditions, and a lack of transparency in investor positions also pressured precious metal prices [5] - The end of the seasonal gold buying in India further exacerbated market sell-off pressures [5] Analyst Perspectives - Analysts have differing views on the recent precious metals crash and future trends. Some warn that speculative long positions may have accumulated significantly, making the gold and silver markets more susceptible to corrections [5] - Despite signs of overbought conditions, some analysts noted that demand for gold remains strong, with a cumulative increase of over 65% since 2025 [5] - Bloomberg strategists indicated that while ETF gold holdings have not reached historical peaks, market momentum typically fades, and if delayed economic data shows stronger-than-expected U.S. performance, gold may face further declines [6]
深夜无眠，黄金突遭“血崩”，原因找到了
Feng Huang Wang Cai Jing·2025-10-21 22:44