黄金、白银市场经历“惊魂一夜”，投资者忙补仓，机构称中长期配置逻辑未改

Core Viewpoint - The recent sharp decline in gold and silver prices is attributed to multiple factors, including improved risk appetite in global markets and potential easing of geopolitical tensions, particularly regarding the Russia-Ukraine conflict [2][3]. Group 1: Market Reactions - On October 22, London spot gold prices fell to nearly $4000 per ounce, with a daily decline of 5.31%, while silver dropped by 6.99% [1]. - Investor sentiment is mixed, with some buying during the dip while others are waiting for potentially lower prices [1]. Group 2: Factors Influencing Price Adjustments - Analysts indicate that the current price adjustments in gold and silver are due to a combination of improved risk appetite in markets, particularly in Asia, and signs of de-escalation in geopolitical conflicts [2]. - The rapid increase in precious metal prices prior to the decline indicated an overheated market, leading to profit-taking and adjustments [2]. Group 3: Silver Market Dynamics - The silver market, being smaller and less liquid than gold, experiences more pronounced price fluctuations, which can lead to larger gains and losses [3]. - Recent easing of logistics and inventory issues has contributed to a recovery in silver market liquidity [3]. Group 4: Regulatory Responses - Regulatory bodies have responded to the volatility by increasing margin requirements for gold contracts to mitigate systemic risks and protect investors [4]. - Several funds have implemented purchase limits to manage exposure to the volatile precious metals market [5]. Group 5: Long-term Outlook - Despite short-term volatility, the long-term outlook for precious metals remains positive due to ongoing central bank purchases and the fundamental drivers of gold prices, such as rising debt and declining dollar credibility [6]. - Investment strategies should focus on long-term positioning while being cautious of short-term market fluctuations [7].