[Precious metals continue to fall, experts say the outlook for precious metals should be viewed with caution] October 16th: Recently, multiple precious metal varieties including gold, silver, platinum, and palladium have collectively declined. Taking gold as an example, during the day trading session on October 15, the Au99.99 spot contract on the Shanghai Gold Exchange fell to an intraday low of 880 yuan/gram, down about 30% from the year's high. Silver prices fell even more sharply. The main silver futures contract on the Shanghai Futures Exchange closed down more than 5% that day, falling below 14,000 yuan/kg. The cumulative decline from this year's high has exceeded 50%. The trend of domestic platinum and palladium futures is also very weak. Among them, the price of the main palladium futures contract of Guangzhou Futures Exchange hit a new low since its listing. The recent decline in precious metal prices has been affected by various factors such as the Federal Reserve's expectation to raise interest rates, and the upstream and downstream parts of the precious metal industry chain have been affected to varying degrees. Experts interviewed generally believe that the market outlook for precious metals should be viewed with caution.