Citi(US:C) Sou Hu Cai Jing·2025-10-22 00:45Group 1 - The core viewpoint of the articles indicates a significant drop in gold and silver prices, with gold experiencing its largest single-day decline since April 2013, falling by 6.3% to below $4100, while silver saw an 8.7% drop, marking its largest decline since 2021 [1][3] - On October 22, gold prices rebounded above $4100, with COMEX gold futures slightly rising to $4135.1 per ounce, while spot gold remained down at $4103.27 per ounce [3] - The initial surge in gold prices was attributed to market expectations of further interest rate cuts by the Federal Reserve and strong safe-haven demand, but the recent pullback is primarily due to profit-taking by investors [3] Group 2 - Analysts noted that the easing of global trade tensions has reduced safe-haven demand, contributing to the decline in gold and silver prices, alongside a strengthening U.S. dollar making precious metals more expensive for most buyers [3] - Citigroup has revised its outlook on gold, shifting from a bullish to a bearish stance in the short term, setting a target price of $4000 per ounce for the next 0-3 months, anticipating a period of consolidation in the gold market [3]