Qi Huo Ri Bao·2025-11-04 23:45Market Overview - US stock markets experienced a decline, with major indices such as the Nasdaq down 2.04%, S&P 500 down 1.17%, and Dow Jones down 0.53% [2] - Large tech stocks faced significant losses, including Intel down over 6%, Tesla down over 5%, and Nvidia down over 3% [2] - The cryptocurrency market saw Bitcoin drop below $100,000, with a minimum price of $99,600, reflecting a 6.5% decline [2] Economic Indicators - Wall Street executives expressed concerns about a potential major correction in the US stock market, with estimates of a 10% to 20% decline [1] - The US government is facing an extended shutdown, with the current situation expected to surpass the previous record of 35 days [1] Commodity Market - Gold prices fell sharply, with spot gold down 1.67% to $3,934.06 per ounce, and COMEX gold down 1.71% to $3,945.30 per ounce [2] - Silver and copper also experienced declines, with silver down 1.72% to $47.11 per ounce [2] - International oil prices saw slight decreases, with WTI crude oil down 0.8% to $60.56 per barrel [2] Agricultural Sector - The US soybean export volume is projected to decrease significantly, with a forecasted export of approximately 4.96 million tons for 2025, a substantial drop from the previous year [4] - Exports to China have notably declined, with only 593,000 tons exported in the first eight months of 2025, down nearly 80% from 2.68 million tons in the same period of 2024 [4] Precious Metals Market - Analysts suggest that gold and silver prices are currently in a consolidation phase after a significant drop from historical highs, driven by profit-taking and reduced expectations for interest rate cuts by the Federal Reserve [5][6] - The recent tax policy changes regarding gold transactions are expected to impact market dynamics, potentially leading to increased selling pressure from companies holding large amounts of physical gold [7][8] - The new tax regulations aim to guide gold trading towards more regulated markets, enhancing transparency and efficiency [8]