【技术面与情绪压力双重夹击 金银震荡波及亚洲股市】 首尔未来资产证券分析师Seo Sang-Young表示，黄金和白银波动率上升造成的大宗商品市场冲击，引发了机构投资 者的流动性冲击和追加保证金，其连锁反应导致股市大幅下挫。 新加坡华侨银行策略师Christopher Wong称：贵金属的持续抛售反映了技术面与情绪压力的叠加。 虽然经过回调后价格有所下滑，但对美元走势、收益率再定价以及美联储政策不确定性的敏感性仍然很高；同 时，与保证金相关的被动卖出以及触发止损单进一步放大了跌势。 虽然经过回调后价格有所下滑，但对美元走势、收益率再定价以及美联储政策不 【技术面与情绪压力双重夹击 金银震荡波及亚洲股市】 首尔未来资产证券分析师Seo Sang-Young表示，黄金和白银波动率上升造成的大宗商品市场冲击，引发了机构投资 者的流动性冲击和追加保证金，其连锁反应导致股市大幅下挫。 新加坡华侨银行策略师Christopher Wong称：贵金属的持续抛售反映了技术面与情绪压力的叠加。 ...

Group 1 - The volatility in gold and silver has caused significant disruptions in the commodity market, leading to liquidity shocks and margin calls among institutional investors, which in turn resulted in a sharp decline in the stock market [1] - The ongoing sell-off in precious metals reflects a combination of technical and emotional pressures, as noted by a strategist from Singapore [1] - Despite a price pullback, there remains a high sensitivity to the movements of the US dollar, yield repricing, and uncertainties surrounding Federal Reserve policies [1] Group 2 - Passive selling related to margin calls and triggered stop-loss orders has further exacerbated the downward trend in precious metal prices [1]