黄金、白银暴跌！什么原因？

Group 1 - The A-share precious metals sector experienced a significant drop, with multiple stocks hitting the daily limit down, indicating a widespread sell-off in the market [2][4] - The oil and gas sector also faced severe declines, influenced by a sharp drop in U.S. natural gas futures prices, which fell by 17% to $3.62 per million British thermal units [4] - The commodity futures market saw major declines, with silver and gold futures contracts hitting the limit down, and platinum and palladium futures dropping by over 15% [4] Group 2 - The U.S. Leveraged Loan Index has fallen to its lowest point since April 2025, signaling potential liquidity issues in the market [5][6] - A report from Tianfeng Securities highlights that the U.S. dollar liquidity index has dropped to -60%, indicating extreme tightening that could impact global assets [8] - Market volatility has been attributed to the nomination of Kevin Warsh as the new Federal Reserve Chair, who is perceived as hawkish and may advocate for both interest rate cuts and balance sheet reduction [8][9]