和讯投顾高璐明：黄金、白银历史大跌！下周会跳水吗？

Core Viewpoint - The recent significant drop in gold and silver prices has raised concerns about the potential impact on the market in the coming week, particularly for the precious metals and non-ferrous sectors [1][2]. Group 1: Market Impact - Spot gold experienced a drop of over 10 points, closing at $4,884, marking the largest single-day decline in nearly 40 years [1]. - Spot silver also saw a substantial decline of over 27%, closing at $85, which is the largest single-day drop in history [1]. - The recent sell-off in precious metals is expected to create short-term risks for the gold concept and the non-ferrous sector in the upcoming week [1]. Group 2: Factors Influencing Recovery - The potential for recovery in gold and silver prices depends on three key factors: 1. The escalation of external geopolitical tensions, as gold and silver are often viewed as safe-haven assets [1]. 2. The ongoing purchasing activities of central banks, with domestic and many foreign central banks continuing to buy gold and silver, which supports long-term price expectations [2]. 3. The alleviation of external inflation and the Federal Reserve's ability to maintain a dovish stance on interest rates, with indications that rate cuts are likely in the future [2]. Group 3: Short-term Market Sentiment - The recent sell-off has put downward pressure on the overall index, which is expected to continue into the next week, indicating further potential declines [2]. - Despite the short-term risks, there is an expectation that once the market stabilizes, there could be a subsequent upward movement in prices, although this may take additional time [2].