今夜，暴跌！

Group 1 - The core viewpoint of the article highlights significant declines in futures markets, particularly in coking coal and coke, with drops exceeding 7% [3][4] - The Dalian Commodity Exchange has implemented trading limits on coking coal futures, restricting non-futures company members or clients to a maximum of 500 contracts for the JM2509 contract starting July 29, 2025 [4][5] - The recent surge in coking coal and lithium carbonate futures, with increases of nearly 50% and 30% respectively this month, is attributed to government initiatives aimed at curbing "involution" competition and promoting high-quality development [5] Group 2 - Gold and silver prices have experienced a significant drop, coinciding with a strengthening U.S. dollar [7] - Year-to-date, gold has risen over 27%, driven by geopolitical tensions and aggressive trade reshaping efforts by former President Trump, but has recently shown signs of stabilizing after reaching a peak of over $3,500 per ounce [8] - Analysts suggest that gold is currently seeking direction, with expectations that the Federal Reserve will not lower interest rates in the upcoming meeting, indicating a potential short-term peak in gold prices [8] Group 3 - Tesla's stock surged approximately 5% following CEO Elon Musk's statement that the company's valuation could reach $20 trillion [9][10] - Musk's comments came after a significant drop in Tesla's stock price, which fell over 8% due to disappointing earnings, marking a cumulative decline of over 22% in 2025, making it the worst-performing major tech stock this year [10]