光大期货1230黄金点评：夜盘金价大幅回踩，警惕行情巨震风险

Core Viewpoint - On December 29, COMEX gold experienced a sharp decline, closing at $4350.2 per ounce, a drop of 4.45%, while domestic SHFE gold also fell significantly to 975.80 yuan per gram, down 4.00% [2][6]. Market Dynamics - Despite a decrease in the US dollar index and US Treasury yields, these factors did not create a favorable environment for precious metals, as market sentiment dominated trading [2][6]. - Following a strong year-end rebound, both gold and silver markets faced severe sell-offs, with traders cashing in profits leading to a sharp drop in precious metal prices, ending the recent upward trend [2][6]. Price Movements - Spot gold saw an intraday drop of 5%, marking the largest single-day decline since October 21, and this was the second occurrence of such a significant drop this year [2][6]. - Silver's decline was even more pronounced, with an intraday drop reaching 11%, the largest single-day decline since September 2020 [2][6]. Future Outlook - The upcoming holiday period will see the release of the US December S&P Global Manufacturing PMI, which may influence gold prices, alongside ongoing geopolitical conflicts that could also impact market conditions [2][6]. - Caution is advised for holding positions during the holiday season due to the potential for increased price volatility in the short term [2][6].