黄金、白银，暴跌！

Group 1 - Spot gold has accelerated its decline, breaking below $3,940 per ounce, with a daily drop of 1.63% [2] - Spot silver has also decreased by over 2%, currently reported at $47.016 per ounce [2] - Futures for precious metals have seen a short-term drop, with Shanghai gold down 1.57% at 904.74 yuan per gram, and Shanghai silver down over 2% at 11,113 yuan per kilogram [4] Group 2 - The Ministry of Finance and the State Taxation Administration have clarified tax policies related to gold, announcing on November 1 that from now until the end of 2027, transactions of standard gold through the Shanghai Gold Exchange and Shanghai Futures Exchange will be exempt from value-added tax (VAT) [5][6] - The policy distinguishes between investment and non-investment uses of standard gold, applying different VAT rules accordingly, which is seen as an improvement to existing market policies [6] - Experts believe this policy will enhance the international competitiveness and pricing power of China's gold market, contributing to the construction of Shanghai as an international financial center [6]