金价，大跳水

Core Viewpoint - The article discusses the recent significant decline in gold prices, highlighting the factors contributing to this downturn and the implications for the gold market moving forward [1][6][8]. Price Movement - As of February 28, the spot gold price fell by 1% to $2847.905 per ounce, marking a decline of over $100 from the historical high of $2956.15 reached on February 24 [1][3]. - COMEX gold futures also dropped by 1.24%, settling at $2860.1 per ounce [2]. - The domestic gold jewelry price has decreased significantly, with prices around 880 yuan per gram, reflecting a drop of 18 yuan over three days [3][4]. Market Trends - The gold market experienced an unprecedented eight-week winning streak, with prices consistently rising and reaching historical highs, but this week marked the first weekly decline since 2025 [4][6]. - The Shanghai gold futures also saw a decline, with the main contract closing at 672.12 yuan, down 0.97% [4]. Factors Influencing Price Decline - Analysts attribute the price drop to several factors, including profit-taking by investors, reduced physical demand for gold, and market uncertainty regarding future price movements [5][6]. - The easing of geopolitical risks, particularly in regions like Ukraine, and hawkish signals from the Federal Reserve regarding interest rates have also contributed to the decline [6][8]. Future Outlook - Despite the recent pullback, analysts maintain a long-term bullish outlook on gold prices, suggesting that the current decline is part of a profit-taking cycle rather than a fundamental shift in market sentiment [8][9]. - Factors such as potential downward pressure on dollar interest rates and ongoing high volatility in U.S. equities are expected to support gold prices in the near term [8][9]. - The article suggests that the gold market may experience high volatility in the short term, with a long-term upward trend anticipated [8][9].