On Thursday (December 19), international Precious Metals Futures generally closed lower, with COMEX Gold Futures down 1.63% to report $2610 per ounce, and COMEX Silver Futures down 4.12% to $29.475 per ounce. Analysis indicates that the main reasons for the decline in gold prices include the Fed's hawkish rate cuts, stable performance of USA economic data, changes in market sentiment and risk aversion demand, as well as technical factors. These factors combined resulted in a significant decline in gold prices in the short term. However, after experiencing a pullback, gold prices rebounded within the day, indicating that the market's long-term demand for gold still exists.