International gold prices have dropped below the $4,000 per ounce level. As of 9:12 a.m. on the 17th, the gold price on the GC New York Mercantile Exchange stood at $3,988.00 per ounce, slipping slightly from the previous day and falling below the psychological resistance level of $4,000.

On the same day, the New York stock market also weakened. On the 16th (local time), as concerns over the overvaluation of artificial intelligence (AI)-related stocks spread, profit-taking sell-offs flooded in centering on semiconductor stocks, and the three major indices all closed lower.

Specifically, the Dow Jones Industrial Average closed at 52,552.97, down 105.67 points (0.20%) from the previous trading day. The S&P 500 index fell 38.63 points (0.51%) to 7,533.77, and the Nasdaq Composite Index plunged 387.28 points (1.47%) to 25,881.95. The tech-heavy Nasdaq posted the steepest decline.

The market analyzed that with concerns over the valuation burden of AI-related stocks coming to the forefront, selling pressure centered on semiconductor stocks led the decline of the major indices.

Investors' attention is now focused on the future direction of safe-haven assets and risk assets.

[※ This article is provided as reference material for investment decisions, and the final responsibility for investment outcomes rests with the investor.]