崩了！黄金、白银！

Core Viewpoint - The article discusses the significant drop in gold and silver prices due to positive developments in US-China trade negotiations, which have reduced the demand for safe-haven assets [4]. Group 1: Market Performance - On October 27, the spot gold price fell over 3%, dropping below $4000 and $3900, while spot silver prices decreased by approximately 5% [1]. - The latest spot gold price was reported at $3986.57, down $126.25 or 3.07% [2]. Group 2: Influencing Factors - Analysts attribute the decline in gold prices to progress in US-China trade agreements, which has alleviated some economic risks and geopolitical tensions that previously supported gold prices [4]. - The recent surge in gold prices, which reached a historical high of slightly above $4380 per ounce, was driven by "currency devaluation trades" and speculation on Federal Reserve rate cuts, leading to an overbought condition in the market [4]. Group 3: Central Bank Activities - The demand from central banks for gold has weakened compared to previous levels, and a deeper correction in gold prices may be welcomed by professional traders [5]. - A representative from the Philippine central bank indicated that with diminishing safe-haven demand, the bank should consider selling some of its "excess" gold reserves, which currently account for 13% of its total international reserves [5].