Gold prices plummeted nearly 4%, oil prices surged, gold and silver prices plunged.

Affected by factors such as the escalation of geopolitical conflicts in the Middle East, international oil prices rose on the 28th. During European trading hours, U.S. crude and Brent crude gains at one point exceeded 4%, before the gains narrowed somewhat. Global inflation expectations subsequently heated up, and government bond yields in multiple countries climbed. Affected by this, investors' interest in non-interest-bearing assets such as precious metals was weakened, and international gold and silver prices fell. As of 23:25 Beijing time on the 28th, the spot gold price was quoted at $4,125.39 per ounce, down 3.75%; the spot silver price was quoted at $61.063 per ounce, down 5.00%. In futures, the price of gold futures for December delivery on the New York Mercantile Exchange was quoted at $4,154.70 per ounce, down 3.85%; the price of silver futures for December delivery was quoted at $61.415 per ounce, down 5.23%.