Core Viewpoint - The gold and silver markets experienced significant volatility, with gold prices dropping sharply, leading to a decline in domestic gold jewelry prices in China [1][10][26]. Group 1: Market Performance - On October 22, spot gold prices fluctuated significantly, briefly falling below $4000 and later oscillating around $4100, with a drop exceeding 2% [1]. - As of 5 PM, spot gold was reported at $4081.23 per ounce, down over 1%, while spot silver was at $48.39 per ounce, down 0.47% [6]. - Domestic gold jewelry prices saw a substantial decrease, with prices for 9999 gold jewelry dropping from 1007 CNY to approximately 953 CNY [1][13]. Group 2: Price Movements - The domestic gold jewelry market saw a decline of 60 CNY per gram in a single day, with major brands like Chow Sang Sang and Chow Tai Fook reducing their prices by 61 CNY and 57 CNY per gram, respectively [8][13]. - The gold market experienced its largest single-day drop since April 2013, with gold prices falling by 6.3% and silver prices dropping by 8.7%, marking the largest decline since 2021 [10][26]. Group 3: Influencing Factors - Analysts attribute the sharp decline in gold and silver prices to profit-taking and a decrease in safe-haven demand due to easing global trade tensions [26]. - The strengthening of the US dollar has made precious metals more expensive for most buyers, contributing to the price drop [26]. - Citigroup has downgraded its outlook on gold, citing concerns over high speculative positions, while HSBC maintains a bullish long-term view on gold, projecting a target price of $5000 per ounce [25][27].
金价大跌!老铺黄金股价跌超8%!足金克价一天暴跌60元,网友“崩”了!
Mei Ri Shang Bao·2025-10-22 12:48