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🔥 Precious metals shocked overnight: Gold evaporated by 1876 yuan/gram, silver plummeted by 10%! 2 trillion market value evaporated in an instant!
Last night was not a correction; it was a massacre. The domestic gold price plummeted by nearly 1900 yuan per gram, and the international gold price collapsed simultaneously; silver fared even worse, with a flash crash of over 10% during trading, resulting in severe casualties. The global precious metals market lost over 2 trillion U.S. dollars in market value in a single day—this is not an adjustment; it is a wealth massacre.
📉 Core reasons for the crash:
1️⃣ Profit-taking panic: The previous surge was too wild, and any slight movement triggered a stampede;
2️⃣ Sudden rebound of the dollar: Market expectations for interest rate cuts wavered, and the strengthening dollar suppressed gold prices;
3️⃣ Technical breakdown led to a chain of stop-loss triggers: Key support at high levels broke, triggering computer programs to sell off.
🚨 Is this the end of the bull market or a golden pit?
History repeatedly proves that the violent washout in a bull market often paves the way for the next surge. But for those who chased high prices with full positions, this night has become a nightmare.
When “safe-haven assets” themselves become risks, where can you still believe is a safe harbor? The faith in gold is undergoing a pressure test.
