Trump's Rate Cut Remarks Fail to Stem Gold and Silver Sell-off as Liquidity Shortage Amplifies Volatility

Jinse Finance reported that due to a negative feedback loop triggered by weak market liquidity and fragile sentiment, spot silver crashed again during Thursday's Asian trading session, erasing the rebound gains of the past two days, while spot gold also declined simultaneously. OCBC strategist Christopher Wong pointed out that sentiment across most asset classes, including regional stock markets and metals, has turned bearish, highlighting the market's extreme fragility. Trump previously reiterated that there is "little doubt" about another rate cut by the Federal Reserve, which should have supported non-yielding precious metals, but current market volatility remains dominated by uncertainty over monetary policy prospects. Standard Chartered analyst Sudakshina Unnikrishnan stated that although investor redemptions through exchange-traded products (ETPs) have exacerbated short-term volatility, structural drivers still remain. (Golden Ten Data)