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金银暴跌!盘中分别创十二年来和四年多来最大跌幅,“所有目光聚焦沪金开盘”
Sou Hu Cai Jing·2025-10-22 01:09

Core Viewpoint - The precious metals market experienced a significant downturn after a period of record highs, with gold and silver prices plummeting to their largest daily declines in years, raising concerns among investors about future price movements [1][4][7]. Price Movements - Gold reached a historical intraday high before falling approximately 6.3% to around $4,082, marking its largest daily drop since April 2013, with a closing price of $4,130.41 per ounce [1]. - Silver also saw a dramatic decline, dropping nearly 8.7% to below $47.90, the largest intraday drop since February 2021, with a closing price of $48.7050 per ounce [4]. Market Influences - Multiple factors contributed to the pressure on precious metal prices, including expectations of easing trade tensions, a strengthening dollar, and overbought technical indicators, which diminished the safe-haven demand for these metals [7][10]. - The ongoing U.S. government shutdown has led to a lack of critical positioning data, increasing uncertainty in the market and potentially allowing speculative long positions to accumulate excessively [10][12]. Technical Analysis - The relative strength index for gold indicated that prices had entered an overbought territory, prompting concerns about potential corrections and profit-taking among traders [8][11]. - Analysts noted that the absence of significant media catalysts on the day of the price drop suggested that the market was due for a correction due to extreme overbought conditions [11][12]. Investor Sentiment - Despite the sharp declines, some analysts believe that the fundamental factors supporting precious metals have not changed, and potential buying interest may limit the extent of any corrections [7][13]. - The recent lack of significant physical demand from India and the absence of key buyers in the Shanghai Gold Exchange were highlighted as notable factors contributing to the market's weakness [12][16]. Future Outlook - Analysts from various firms expressed differing views on the future of gold and silver prices, with some maintaining a bullish outlook while acknowledging the potential for a consolidation phase [10][13]. - The global largest gold ETF, GLD, saw unprecedented trading volumes, indicating heightened interest and activity in the market despite the recent downturn [14].