International precious metals market experiences massive fluctuations, short-term adjustment risks increase.

On the 29th, the international gold and silver prices experienced a "roller coaster" situation, soaring to high levels before plummeting, resulting in intense market volatility. Analysts believe that the recent trend in international precious metals prices has attracted a large number of speculators into the market, exacerbating market volatility. The April gold futures price on the New York Mercantile Exchange once reached $5626.80 per ounce in early trading on the 29th, and the March silver futures price once reached $121.785 per ounce. However, the market suddenly faced intense selling pressure, with gold prices plummeting by $380 in just 28 minutes, a drop of nearly 7%, and silver prices dropping by 11% in the same period. The World Gold Council recently released a report on the gold demand trends for the fourth quarter of 2025 and the full year, pointing out that the upward trend in gold in 2025 "solidifies gold's position in the minds of central banks, investors, and consumers in various countries," and the impact of this structural adjustment will continue until early 2026. Kevin Gradie, President of Phoenix Futures and Options Company, believes that the recent parabolic rise in the precious metal market has attracted a large number of algorithmic trading robots, while many ordinary traders have chosen to exit the market. This is one of the main factors contributing to the intense volatility in the precious metals market.