贵金属“风暴”席卷年末市场：美股科技股遇冷，贵金属上演“高台跳水”

Group 1: Market Overview - The global financial market experienced a significant "precious metal storm" in the last week of 2025, with all three major U.S. stock indices closing down, particularly affected by the decline in technology stocks [1][2] - The Dow Jones Industrial Average fell by 0.51% to 48,461.93 points, the S&P 500 dropped by 0.35% to 6,905.74 points, and the Nasdaq Composite decreased by 0.50% to 23,474.35 points [2][3] Group 2: Precious Metals Market - Precious metals, particularly silver, experienced a dramatic drop after reaching new highs, with silver falling nearly 9% after hitting $82 per ounce, while gold futures dropped about 4.5%, marking the largest decline in nearly two months [4][8] - The sharp decline in precious metals negatively impacted mining stocks, with Harmony Gold down over 8%, AngloGold down nearly 7%, and Barrick Gold down over 4% [5][8] Group 3: Factors Behind the Decline - The decline in the precious metals market is attributed to multiple factors, including increased margin requirements set by the CME, which raised gold futures margin by 10% and silver futures by approximately 13.6%, leading to higher holding costs for traders [8] - The market was also experiencing a release of overbought sentiment, with silver prices having increased by over 185% in 2025, prompting concerns about a potential correction [8] - Additionally, profit-taking ahead of year-end contributed significantly to the sharp drop in precious metals [8] Group 4: Energy Sector Performance - In contrast to the precious metals market, the energy sector showed strength, with WTI crude oil futures rising by 1.84% to $58.08 per barrel and Brent crude oil futures increasing by over 2% to $61.94 per barrel, supported by geopolitical risks [6]