Lates News

Despite the recent sharp decline in gold and silver prices from historical highs due to speculative positions being liquidated quickly, Sucden Financial analysts stated that the long-term structural support for precious metals remains solid, and there may still be a moderate rebound in the next few days. The plunge in gold and silver prices began when Donald Trump nominated Kevin Warsh as the chairman of the Federal Reserve, weakening the market's expectations for aggressive monetary easing. Analysts pointed out that "the current price level is only slightly higher than the range typically associated with pure uncertainty and safe-haven demand, indicating that most speculative buyers have quickly retreated." They added, "although gold and silver may further decline due to position adjustments if macro sentiment clearly turns towards safe havens, their long-term fundamental logic remains intact, which may drive prices to rebound moderately in the short term."