贵金属年末惊魂！黄金暴跌200美元白银狂泻11%

Core Viewpoint - The gold and silver markets experienced a significant sell-off after a strong year-end rebound, with gold dropping nearly 5% and silver facing an even steeper decline, marking the largest single-day drops since October 21 and September 2020 respectively [1][2] Market Performance - Spot gold fell by $200 in a single day, reaching a low of around $4,350, while spot silver traded around $73.50 after initially surging past $80 [1][2] - The sell-off was attributed to profit-taking by traders amid thin year-end market liquidity, ending a recent upward trend in precious metals [1][2] Price Adjustments - Domestic gold jewelry prices saw significant adjustments, with major brands like Lao Feng Xiang and Chow Tai Fook quoting prices around 1,363 RMB per gram [1] Future Outlook - Analysts suggest that despite the recent downturn, the fundamental demand for gold and silver remains strong due to global economic uncertainties, geopolitical risks, and central bank purchasing trends [2] - UBS raised its gold price target for the first three quarters of 2026 to $5,000 per ounce, expecting a decline to $4,800 by the end of 2026 [3] Institutional Perspectives - Various futures firms expressed caution regarding short-term volatility in precious metals, highlighting the need for careful positioning due to potential rapid market fluctuations [4][5] - The ongoing geopolitical tensions and the trend of central banks purchasing gold are expected to support gold's value in the long term [5]