On the 21st local time, affected by multiple factors such as geopolitics and investors' profit-taking, gold and silver suffered widespread market selling. On the same day, the international spot gold price once fell by more than 6%, falling below $4,100 per ounce, the largest one-day drop in 12 years; The international spot silver price once fell by more than 8%, falling below US $48 per ounce, the largest one-day drop since 2021.

Since the beginning of this year, international spot gold prices have risen by more than 50%, and international spot silver prices have risen by nearly 70%. Analysts pointed out that factors such as previous international tensions have caused investors to flock to the international precious metals market to seek safe-haven assets. If market sentiment further eases, precious metals prices may face further correction.