Core Viewpoint - The recent sharp decline in gold and silver prices marks the largest single-day drop since 2013 and 2021 respectively, driven by profit-taking and reduced safe-haven demand [1][2][5]. Market Performance - Spot gold prices fell by 6.3%, while spot silver prices dropped by 8.7%, indicating significant market volatility [1]. - COMEX gold futures closed down approximately 5% at $4138.5 per ounce, and COMEX silver futures fell by 6.27% to $48.16 per ounce [2]. Impact on Gold and Silver Stocks - Gold-related stocks experienced substantial declines, with Hunan Silver (002716.SZ) dropping nearly 9%, and other companies like Baoding Technology (002552.SZ) and Xiaocheng Technology (300139.SZ) falling over 7% [4]. Jewelry Pricing - The price of gold jewelry also decreased, with Old Temple Gold quoting at 1211 CNY per gram, down 83 CNY; Chow Sang Sang at 1250 CNY per gram, down 39 CNY; and Lao Feng Xiang at 1229 CNY per gram, down 61 CNY [5]. Market Analysis - Analysts suggest that the recent price drop is a result of profit-taking after a rapid increase in precious metal prices, influenced by geopolitical easing and changes in trade attitudes [5]. - Tim Waterer, a chief market analyst, believes that any price pullback will be viewed as a buying opportunity as long as the Federal Reserve maintains its current interest rate path [5]. - Nitesh Shah from WisdomTree noted that rapid price increases often lead to periodic corrections whenever new highs are reached [6].
深夜突发!一度大跌6.3%,现货黄金盘中创12年来最大单日跌幅
Sou Hu Cai Jing·2025-10-22 03:29