金价银价，大跳水！

Core Viewpoint - The significant drop in gold and silver prices is attributed to profit-taking by investors and a cooling geopolitical situation, with gold experiencing its largest single-day decline in over five years [1][2][3]. Price Movements - On the 21st, international spot gold prices fell by approximately 5.3% to $4,123.85 per ounce, with an intraday drop of 6.3%, marking the largest decline in over a decade [1]. - By the 22nd, gold futures were reported at $4,034.9 per ounce, down 1.81%, while London spot gold was at $4,020.44, down 2.5% [1]. - Silver futures also saw a decline, dropping over 7% on the same day [1]. Market Trends - Since the beginning of the year, international spot gold prices have increased by over 50%, while silver prices have risen nearly 70% [1]. - Analysts suggest that the previous surge in precious metals was driven by geopolitical tensions, leading to a rush for safe-haven assets, and that a calming market sentiment could lead to further price corrections [1][3]. Historical Context - Historical data indicates that when gold prices deviate more than 24% from the 200-day moving average, a correction of approximately 18% can occur over a period of 3 to 6 months [4]. - The recent rise in gold prices from around $3,300 to over $4,000 per ounce was influenced by geopolitical changes, global economic uncertainty, and central bank gold purchases [6]. Market Reactions - The volatility in gold prices has shocked many sellers in the market, with reports of significant price drops affecting sales [7][9]. - Despite the price adjustments, consumer interest remains, although many are adopting a wait-and-see approach, hoping for further declines before purchasing [11][13]. - The drop in gold prices has also led to a slowdown in the active gold recycling market, with a reported decrease in customer visits by over one-third [18].