止不住！金价跳水，白银暴跌

Group 1 - The spot gold price fell below $4500 per ounce for the first time since January 9, experiencing a daily drop of 7.9%, and was reported at $4533.66 per ounce, down 7.38% [1] - Spot silver saw a decline of over 14%, with a current price of $75.46 per ounce, reflecting an 11.49% drop [1] - In the domestic futures market, the main gold futures contract (沪金2604) dropped over 15%, reaching 1016 yuan per gram, while the main silver futures contract hit the limit down [2] Group 2 - According to a report from China International Capital Corporation (CICC), gold prices have surpassed traditional fundamental influences, with conventional models like real interest rates becoming ineffective [4] - New Lake Futures' report indicates that despite the recent surge in gold prices exceeding last October's highs, the non-commercial long positions in COMEX gold have not reached previous peaks, suggesting limited institutional buying interest [4] - Tao Dong, President and Chief Economist of Waterous Capital (Hong Kong), believes that while short-term gold trends remain uncertain, the long-term outlook for gold is positive due to a shift towards de-dollarization, attracting sovereign, institutional, and retail funds to this alternative investment [4]