International gold and silver prices exhibited substantial swings on the 6th. Spot gold prices fell by over 2% during the day before rebounding to surpass $4,950 per ounce, marking a gain of nearly 4%. Spot silver prices dropped by almost 10% at one point, then recovered to exceed $77 per ounce, climbing by more than 9%. Since the start of the year, international gold prices have risen by nearly 15%, while silver prices have increased by over 8%.
Market analysts suggest that against a backdrop of shifting global liquidity expectations and highly concentrated speculative capital, the volatility in gold and silver prices reflects heightened instability in the precious metals market. The recent fluctuations are seen as a result of both technical adjustments and changing policy expectations, indicating that the investment rationale previously supporting prices is undergoing a transformation.
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