New York's gold price plunged 9.27% ​​on the 15th

By the series of bearish factors such as the lowering of the average gold price forecast by the US Goldman Sachs Group and lower than expected Chinese economic data, the price of the New York Mercantile Exchange gold contract plummeted on the 15th, the highest one-day drop since the 1980s.

On the same day, the most actively traded gold futures on the New York Mercantile Exchange's gold market closed at $1361.1 per ounce, a decrease of $140.3 from the previous trading day, a decrease of 9.27%, and the closing price was the lowest since February 2011. . In terms of percentage, gold's current decline was the highest since February 1983; in dollar terms, gold's drop was the highest since January 1980.

Market analysts believe that, first of all, as the United States Goldman Sachs Group and Deutsche Bank last week lowered the 2013 average price forecast for gold, plus the news that the Cyprus Central Bank plans to sell gold reserves to make up for the deficit, tumbled the mood of the gold market and stimulated investors to sell.

Second, the world's largest gold exchange deal **SPDR gold trust positions have continued to decline, hit a new low for the past three years, and the hedge ** has lightened 72% from the gold market since mid-October last year. As of April 12, SPDR gold trust positions fell to 37.3 million ounces from 39.1 million ounces on April 1.

Again, China’s latest release of economic data shows that China’s economy grew by 7.7% year-on-year in the first quarter. This growth rate fell by 0.2 and 0.1 percentage points from the fourth quarter of last year and last year, respectively, which is also lower than the 8% increase expected by the market. Suppress investor sentiment. In addition, some analysts believe that the U.S. economy continues to recover steadily. The market's expectation of quantitative easing by the U.S. Federal Reserve Board has weakened, weakening gold as a safe haven for precious metals, and suppressing gold prices from sliding into a bear market after 12 consecutive years of bull markets.

On the same day, the price of silver for delivery in May fell by 2.97 US dollars to settle at 23.36 US dollars per ounce, a decrease of 11.28%. Platinum ** price for July delivery fell by 71.1 dollars to close at 1424.8 dollars per ounce, a decrease of 4.75%.