Recently, several precious metals, including gold, silver, platinum, and palladium, have collectively declined. Take gold as an example. During the day trading session on October 15, the Shanghai Stock Exchange's Au99.99 spot contract fell to an intraday low of 880 yuan/gram, down about 30% from the high level during the year. The price of silver fell even more sharply. On the same day, the main silver futures contract closed down more than 5%, falling below 14,000 yuan/kg. The cumulative decline from this year's high is already more than 50%. The trend of domestic platinum and palladium futures was also very weak. Among them, the price of the main contract for broad-term palladium futures hit a new low since listing on the same day. The recent decline in precious metals prices has been affected by various factors such as expectations of the Federal Reserve's interest rate hike, and the upstream and downstream precious metals industry chains have been affected to varying degrees. Interviewed experts generally agree that the future market of precious metals should be viewed with caution.

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