华尔街日报：黄金和白银创1980年以来最大单日跌幅

Core Viewpoint - The article discusses the significant drop in gold and silver prices, marking the worst day for these metals since 1980, driven by hawkish sentiments regarding inflation and the U.S. dollar following the nomination of Kevin Walsh as the Federal Reserve Chair by Trump [1][3]. Group 1: Market Reactions - Silver prices plummeted by 31%, while gold futures fell by 11%, marking the largest single-day dollar drop in history for gold [3][5]. - The sell-off began after reports of Trump's nomination of Walsh, who is known for his hawkish stance on inflation, which alleviated concerns on Wall Street regarding potential interest rate cuts [3][4]. - Following Walsh's confirmation, the U.S. dollar strengthened against other precious metals, leading to a rapid decline in the precious metals market [4]. Group 2: Price Movements - Silver futures dropped from over $114 per ounce to a settlement price of $78.29, a decline of $35.747, which is comparable to silver prices in June [4]. - Gold futures fell to $4,713.90 per ounce, the largest single-day drop since January 1980 [5]. - The declines in precious metals also negatively impacted mining stocks and contributed to a 0.4% drop in the S&P 500 index [5]. Group 3: Market Dynamics - Analysts suggest that the recent downturn may be a necessary correction after a period of rapid price increases, particularly for industrial users of these metals [5]. - There is speculation that short-term traders may have contributed to the sell-off as a protective measure against potential stock market declines [5]. - The article notes that the market for precious metals is relatively small, meaning that large investors can significantly influence price movements, adding to the volatility [7].