On December 13th (Friday) local time, spot gold fell to a low of $2,645 per ounce, with a daily decline of 1.22%, closing at $2,647.49 per ounce. In the Futures market, COMEX gold futures dropped over 1.6%, hitting a intraday low of $2,663.3 per ounce, and closing at $2,665.9 per ounce. At the same time, gold and silver mining stocks declined overall. Coeur Mining fell nearly 7%, Hecla Mining, Anglogold, and Pan American Silver dropped over 5%, and Harmony Gold Mining fell more than 4%. In the domestic retail brand market, the latest data shows that the physical prices of branded gold have generally decreased. Among them, CHOW TAI FOOK's gold price was 808 yuan per gram, with a daily decline of 0.86%. On the news front, a report released by the World Gold Council on December 12 stated that thanks to the increased Shareholding in gold by major central banks and high investor purchasing enthusiasm, international gold prices have risen approximately 28% in the first 11 months of this year, with the annual average trading price up 22% compared to 2023. This year, the gold price has broken historical records 40 times, and the total demand for gold in the third quarter exceeded $100 billion for the first time, with gold prices likely to achieve the best annual performance in over a decade.