Market Overview - The three major U.S. stock indices closed lower, with the Nasdaq down 2.15%, the S&P 500 down 1.67%, and the Dow Jones down 1.72%, marking the fifth consecutive week of declines for all indices [2][4]. - The Nasdaq's closing price was nearly 13% lower than its record high from October 2025, while the Dow fell into a correction zone, down 10% from recent highs [4]. Commodity Market Dynamics - A shift in the commodity market was noted, with both oil and gold prices rising simultaneously, contrasting the previous trend of "oil up, gold down" [5][6]. - Gold futures rose by 2.66% to $4,526 per ounce, silver futures increased by 3% to $69.97 per ounce, and U.S. oil prices surged over 7% to $101.16 per barrel [7][8]. Gold Market Insights - Analysts suggest that gold is regaining its appeal as a value investment, especially after a period of being viewed as a liquid asset amid market volatility [9]. - Deutsche Bank raised its gold price forecast for the end of the year from $4,900 to $5,000 per ounce, indicating that recent price corrections may not last [10]. Technology Sector Performance - Major technology stocks experienced significant declines, with the "MAG7" index dropping 2.78%. Notable declines included Amazon down nearly 4% and Meta down 3.99%, marking an 11.63% drop over two days [12][14]. - Meta's stock was pressured by legal issues and concerns over future profitability, including a $375 million fine related to child protection and potential liabilities from social media addiction cases [15]. Inflation and Geopolitical Risks - High oil prices are suppressing risk assets through both cost and expectation channels, with international oil prices reaching three-year highs amid geopolitical tensions [16][17]. - The market has abandoned expectations for interest rate cuts by the Federal Reserve this year, with a 54% probability of at least one rate hike anticipated [17]. - The ongoing conflict in the Middle East is expected to exacerbate inflation concerns, complicating the outlook for central banks globally [17][18].
深夜飙涨！避险逻辑回归，黄金突破4500美元/盎司！美股连跌五周，Meta两日重挫超11%！