Gold price falls below $3,900 again, silver plunges simultaneously

1. Due to persistent U.S. inflation and market expectations that the Federal Reserve may further tighten monetary policy, the U.S. dollar strengthened and U.S. Treasury yields rose, leading to a sharp drop in gold and silver futures prices on Thursday. December gold futures on the New York Mercantile Exchange fell below $3,900 per ounce again, with the morning decline once exceeding 3.5%, closing at $3,881.7 per ounce; December silver futures prices fell below $50 per ounce, dropping over 3%, and closed at $49.96 per ounce.2. On the day, the benchmark 10-year U.S. Treasury yield hovered around 5.00%, while the 2-year yield rose to about 4.76%. The U.S. Dollar Index remained firm after hitting a 19-month high. Gold prices fell to their lowest level in more than a week, while silver weakened due to concerns about industrial demand and tighter financial conditions.3. Analysts believe that as persistent inflation forces the Federal Reserve to maintain a tightening policy stance, precious metals may face further selling pressure.