The precious metals market is currently facing adjustment pressures. According to Jintiao Data, gold spot prices have experienced a short-term correction, with the strengthening of the US dollar exerting downward pressure. The current price is $5032.45 per ounce, with intraday declines exceeding 1%. Meanwhile, spot silver is also under pressure, falling below $81 per ounce, with a daily decline of 3.84%, significantly larger than that of gold spot. Analysts believe that this round of precious metals adjustment is mainly influenced by the strong US dollar. Investor concerns about risk assets have eased, liquidity has shifted towards the dollar, leading to selling pressure on dollar-denominated gold and silver.
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The precious metals market is currently facing adjustment pressures. According to Jintiao Data, gold spot prices have experienced a short-term correction, with the strengthening of the US dollar exerting downward pressure. The current price is $5032.45 per ounce, with intraday declines exceeding 1%. Meanwhile, spot silver is also under pressure, falling below $81 per ounce, with a daily decline of 3.84%, significantly larger than that of gold spot. Analysts believe that this round of precious metals adjustment is mainly influenced by the strong US dollar. Investor concerns about risk assets have eased, liquidity has shifted towards the dollar, leading to selling pressure on dollar-denominated gold and silver.