↑点击上面图片 加雪球核心交流群 ↑ 近期持续冲高的国际贵金属价格周五集体下跌，金价失守4300美元/盎司关口，盘中一度下挫跌破4200美元 /盎司 ；银价大幅跳水，创下阶段最 大 跌幅。 01 白银重挫，黄金跳水 Wind数据显示，截至北京时间10月18日5:50，COMEX黄金期货价格、伦敦金现货价格均已失守4300美元/盎司关口，跌幅分别为0.85%、 1.73%。 国际银价大幅下挫，COMEX白银期货价格跌逾5%，伦敦银现货价格跌逾4%，均创下半年多以来最大跌幅。 图片来源：Wind 自8月下旬开启新一轮上涨行情以来，国际金价持续刷新历史新高，并接连突破每盎司3800美元、3900美元、4000美元、4100美元、4200美 元、4300美元等多个整数关口；国际银价持续刷新阶段新高，其今年以来累计涨幅超过黄金，受到全球投资者关注。 不过，伴随着金价短时间内持续刷新历史新高，其交易拥挤度也在迅速上升。根据中金公司援引的美银美林10月全球与亚洲投资经理调查报告，截 至10月14日，做多黄金成为最拥挤的交易，且仍有39%的投资者未配置黄金。 日前，上海期货交易所发布通知称，近期国际形势复杂多变，贵金属市场波 ...

Core Viewpoint - The global precious metals market has experienced a significant decline, with gold and silver prices dropping sharply, which was unexpected by the market given recent bullish forecasts from major financial institutions [1][2]. Price Movements - As of the latest close, London spot gold was priced at $4251.45 per ounce, down 1.73% for the day, while London spot silver closed at $51.86 per ounce, reflecting a 4.21% drop. The COMEX silver futures also saw a substantial decline, with the main contract settling at $50.63 per ounce, down 5.01% [1][2]. - Year-to-date, London gold has increased by 62.01%, while London silver has surged by 79.53% [2]. Market Predictions - Goldman Sachs recently raised its gold price forecast for the end of 2026 to $4900 per ounce, a 14% increase from the previous estimate of $4300 per ounce. Bank of America predicts gold and silver prices will reach $5000 per ounce and $65 per ounce, respectively, by next year [2]. Alternative Perspectives - Bridgewater's Hudson Attar expressed skepticism about the sustainability of the recent surge in gold prices, questioning whether the significant increase in gold holdings by high-net-worth individuals in the West can continue. He noted that if these investors reduce their allocations, the current price levels may not be sustainable [3][4]. - Attar highlighted that the recent price increase occurred during a period of low physical demand for gold in Asia, suggesting that the current market dynamics may not be sustainable in the long term [4]. Cautionary Notes - Attar advised caution in market judgments, indicating that the current situation might represent the early stages of a larger asset allocation shift. He mentioned that Bridgewater had significantly increased its holdings in the SPDR Gold ETF, reaching $337 million by the end of the second quarter [5].