突破3820美元，金价再创历史新高

Group 1 - Gold prices have reached a new historical high, surpassing $3820 per ounce, with London gold priced at $3827.37 per ounce, reflecting a year-to-date increase of over 45% [4] - The surge in gold prices has negatively impacted demand, particularly in the Chinese market, where physical gold demand has shown a continued decline [2][6] - The World Gold Council reported that in August, China's physical gold demand remained weak, with gold outflow from the Shanghai Gold Exchange at 85 tons, marking the lowest level for August since 2010 [7] Group 2 - High gold prices have led to a shift in consumer behavior in China, with a notable decrease in demand for physical gold products, as consumers are now more focused on craftsmanship and brand rather than investment [7][10] - The Chinese gold market has seen a significant outflow from gold ETFs, with approximately 60 billion yuan leaving the market in August, resulting in a total asset management scale decrease to 148 billion yuan [7][8] - The Chinese Gold Association noted a structural change in gold jewelry consumption, with high-value, well-designed products gaining popularity despite an overall decline in consumption [10]