纽商所理事会主席：金价暴跌是技术性回调，长期上涨逻辑未改

Core Viewpoint - The recent sharp decline in gold and silver prices is attributed to profit-taking by investors at historical highs and concerns over potential overvaluation of precious metals after a significant rally [2][3] Market Analysis - Gold prices experienced a significant drop of 6.3%, while silver fell by 8.7%, indicating a typical "technical correction" as described by market experts [2] - William Purpura, a senior expert in commodity trading, noted that the recent price surge resembled a "parabolic rise," similar to past peaks in 1980 and 2011, suggesting that the market has been overbought for some time [2] - The sell-off began in the Asian market and spread to the U.S. market, with Purpura advising caution against "catching falling knives" and emphasizing the need to observe market stabilization before making investment decisions [2] Long-term Outlook - Despite the short-term volatility, analysts believe that the long-term support factors for gold remain unchanged, with strong support expected in the $4000 to $4050 range [3] - Recent data from the World Gold Council indicated a net inflow of $8 billion into physical gold ETFs, marking the largest weekly increase since 2018, driven by concerns over U.S. fiscal credit and expectations of significant interest rate cuts by the Federal Reserve [3] - Analysts maintain a positive outlook for gold prices in the medium to long term, with expectations of continued central bank purchases and persistent global credit risks and inflation expectations supporting a rebound in prices [3] - BMO's analyst Amos projected that gold prices could reach $4500 per ounce next year, reinforcing the notion that periodic adjustments are healthy and necessary for the market [3]