国际清算行：散户投机买入推动黄金迈进“泡沫区域”

Group 1 - The core viewpoint of the articles indicates that retail investors have driven the recent rise in gold prices, shifting gold from a traditional safe-haven asset to a more speculative one [1] - The Bank for International Settlements (BIS) noted that there is evidence of retail investors attempting to profit from the gold price surge, which has amplified this upward trend and deviated from the typical safe-haven behavior [1] - BIS highlighted that it is the first time in at least 50 years that gold and stocks have both entered a "bubble territory" simultaneously, suggesting that after such explosive growth, a sharp adjustment is likely to occur [1] Group 2 - Due to rising bond yields, gold and silver futures prices declined, with December gold futures falling by 0.6% to $4187.20 per ounce, ending a three-day winning streak [2] - December silver futures dropped by 1.1% to $57.779 per ounce, marking the fourth decline in five trading days [2] - The market is pricing in a potential interest rate cut by the Federal Reserve, while investors are awaiting further guidance on monetary policy from Powell [2]