Core Insights - Gold and silver prices experienced significant declines, with gold dropping 6.3%, marking the largest single-day drop since April 2013, and silver falling 8.7%, the largest drop since 2021 [1][3] Price Movements - As of the report, spot gold was down 5.24% at $4128.27 per ounce, while spot silver was down 7.29% at $48.58 per ounce [1][3] - Gold opened at $4359.15, reached a high of $4375.27, and a low of $4082, closing at $4128.27 [2] - Silver opened at $52.48, peaked at $52.68, and hit a low of $47, closing at $48.58 [3] Market Analysis - Analysts indicated that profit-taking was a primary reason for the price drop, alongside a temporary easing of global trade tensions which reduced safe-haven demand [3][4] - The strengthening of the US dollar made precious metals more expensive for most buyers, contributing to the decline [3] Future Outlook - Market analysts believe that as long as the Federal Reserve maintains its current interest rate path, any pullback in gold prices will be viewed as a buying opportunity [4] - Upcoming US Consumer Price Index (CPI) data is expected to influence gold's upward momentum, provided there are no unexpected increases [4] - Changes in the geopolitical landscape, particularly regarding the Russia-Ukraine situation, may also impact the gold market significantly [4]
深夜跳水!黄金创12年来最大单日跌幅 白银创4年来最大跌幅!什么原因?
Mei Ri Jing Ji Xin Wen·2025-10-21 23:26