Analyst: The recent fluctuations in gold and silver prices are the result of a combination of technical adjustments and changes in policy expectations.
International gold and silver prices experienced significant fluctuations on the 6th. Spot gold prices fell by over 2% at one point on the 6th, then rebounded and broke through $4,950 per ounce, with an increase of nearly 4%; spot silver prices fell by nearly 10% at one point on the 6th, then rebounded and broke through $77 per ounce, with an increase of over 9%. Since the beginning of this year, international gold prices have risen by nearly 15%, and international silver prices have increased by over 8%. Market analysts believe that, against the backdrop of changing global liquidity expectations and highly concentrated speculative funds, the volatility in gold and silver prices reflects increased volatility in the precious metals market. This round of gold and silver price fluctuations is the result of both technical adjustments and changes in policy expectations, marking a shift in the investment logic that previously supported prices. (CCTV News)
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Analyst: The recent fluctuations in gold and silver prices are the result of a combination of technical adjustments and changes in policy expectations.
International gold and silver prices experienced significant fluctuations on the 6th. Spot gold prices fell by over 2% at one point on the 6th, then rebounded and broke through $4,950 per ounce, with an increase of nearly 4%; spot silver prices fell by nearly 10% at one point on the 6th, then rebounded and broke through $77 per ounce, with an increase of over 9%. Since the beginning of this year, international gold prices have risen by nearly 15%, and international silver prices have increased by over 8%. Market analysts believe that, against the backdrop of changing global liquidity expectations and highly concentrated speculative funds, the volatility in gold and silver prices reflects increased volatility in the precious metals market. This round of gold and silver price fluctuations is the result of both technical adjustments and changes in policy expectations, marking a shift in the investment logic that previously supported prices. (CCTV News)