金价银价创纪录暴跌，原因何在？

Core Viewpoint - The international precious metals prices experienced a record drop due to multiple factors, including profit-taking and short-term futures traders closing long positions, leading to the largest single-day declines in decades [1]. Group 1: Price Movements - On January 30, gold prices on the New York Commodity Exchange fell below $4,800 per ounce, with a decline exceeding 10%, marking the largest single-day drop since the 1980s [1]. - Silver prices for March contracts fell below $80 per ounce, with a decline exceeding 30%, setting a record for the largest single-day drop in history [1]. Group 2: Influencing Factors - The nomination of Kevin Walsh as the next Federal Reserve Chairman by President Trump intensified the drop in precious metal prices, as Walsh has criticized the side effects of quantitative easing and advocated for closer policy collaboration between the Federal Reserve and the Treasury [1]. - The U.S. Labor Department reported that the core Producer Price Index (PPI) for December 2025 exceeded economists' expectations, indicating that inflation is gradually integrating into the overall economy, which may compel the Federal Reserve to maintain a "neutral" monetary policy longer than anticipated, negatively impacting gold prices [1]. Group 3: Market Analysis - Analysts suggest that after a significant surge in gold and silver prices over the past month, the market sell-off was inevitable [1]. - Analysts from Britannia Global Markets in London noted that given the speed and magnitude of the rise in precious metals in January, the current correction is not surprising [1]. - A report from the UK-based Metal Focus indicated that while the recent rise in precious metals appears irrational, ongoing geopolitical risks and economic uncertainties may prevent the market sell-off from being sustained [2].