Metal Prices Experience Sharp Volatility, Market Sentiment Weakened
Recently, global metal markets have experienced intense fluctuations, with gold, silver, and copper prices all declining sharply, unsettling investors. Neil Wilson, a strategist from Saxo Markets, noted that precious metal prices had previously surged due to overly optimistic market sentiment and are now facing correction pressure.
Significant Market Spillover Effects
The violent swings in metal markets have not only affected commodity trading but also spilled over into forex and equities. Influenced by deteriorating risk appetite, the S&P 500 dipped below 6900 points, while Microsoft shares plummeted by 11%. This cross-market chain reaction highlights the fragility of the current financial system.
Outlook Remains Highly Uncertain
Experts indicate that metal markets are currently in a phase of high uncertainty. Investors should remain cautious, closely monitor macroeconomic data and policy developments to manage potential further volatility.