格林大华期货黄金白银继续大幅回落

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - After consecutive sharp declines, the short - selling force of gold and silver has been vented to some extent, and the internal rebound force is brewing. COMEX gold has strong support at the 4000 - point level. The evolution of the Iranian situation should be continuously monitored, and investors should control positions and prevent risks due to short - term market volatility [3] 3. Summary by Related Content Market Performance - On March 23, the main contract of Shanghai gold futures fell 8.62% to 940.00 yuan/gram, and the main contract of Shanghai silver futures fell 11.67% to 15411 yuan/kilogram. COMEX gold futures fell below 4200 US dollars/ounce, and COMEX silver futures fell below 63 US dollars/ounce [3] - Last Friday, US stocks fell, and the VIX index closed up 26.78. On March 23, Asian stock markets in China, Japan, and South Korea all fell sharply during the day [3] Central Bank Policies and Yield Changes - Last week, the Fed's March meeting kept interest rates unchanged, pointed out the uncertainty of the Middle East impact, and raised the inflation forecast. The European Central Bank announced that interest rates remained unchanged and raised the inflation forecast [3] - The warnings on inflation from major central banks led to a sharp rise in short - term Treasury yields. Traders no longer expect the Fed to cut interest rates in 2026, and the probability of the Fed raising interest rates by 25 basis points by June is over 20%, with a 50% chance of a rate hike by the end of October [3] - Last week, the 2 - year US Treasury yield broke through 3.75%, exceeding the upper limit of the federal funds rate target range, and closed at about 3.89% last Friday. On March 23, the 2 - year US Treasury yield continued to rise by about 6 basis points to around 3.95%, and US Treasuries continued to fall significantly [3] Reasons for Gold and Silver Declines - The financial market's sharp decline in stocks and bonds led to investment institutions' need for replenishment and increased margin, and market liquidity pressure also pushed down gold and silver prices [3]