今天凌晨，黄金、白银、美股，全线大跌！

Core Viewpoint - A panic sell-off has swept through the global precious metals market, leading to significant declines in both silver and gold prices. Group 1: Precious Metals Market - Spot silver experienced a drastic intraday drop of 34.67%, falling from above $110/oz to $75.38/oz [1] - Spot gold saw an intraday decline of 12.41%, decreasing from $5400/oz to $4709.68/oz [1][2] Group 2: Market Reactions - The U.S. stock market faced a broad decline, with the Nasdaq down 1.22%, the Dow Jones dropping over 1%, and the S&P 500 falling by 0.92% [4] - The market is closely monitoring the nomination of Kevin Walsh as the next Federal Reserve Chairman, which has raised concerns about monetary policy direction and the independence of the Fed [5][6] Group 3: Future Outlook - Analysts from China International Capital Corporation (CICC) suggest that the gold bull market may not be over, despite current price volatility [6] - The expectation is that the Fed may slow down its easing pace by early 2026 due to rising inflation and improving economic growth, which could temporarily pressure gold prices [6] - The future bull market for gold is anticipated to be volatile, influenced by Fed policies and U.S. economic trends, with silver expected to experience even greater price fluctuations due to its smaller market size [6]