突发！金价大跌

Core Viewpoint - The recent surge in gold prices has been attributed to a combination of factors including the Federal Reserve's shift towards interest rate cuts, strong global demand for safe-haven assets, and changes in gold's pricing logic due to de-dollarization trends and central bank purchases [3]. Group 1: Gold Price Movement - On September 30, the spot gold price reached a historic high of $3871.73 per ounce before retreating to $3819.47 per ounce [1]. - The upward trend in gold prices has persisted for seven days, breaking previous highs, with the last peak recorded at $3791.08 per ounce on September 23 [3]. Group 2: Factors Influencing Gold Prices - The Federal Reserve's entry into a rate-cutting phase has diminished the attractiveness of the US dollar, thereby enhancing the investment value of gold [3]. - High levels of US debt, increasing geopolitical uncertainties, and ongoing central bank gold purchases are contributing to the underlying support for gold prices [3]. Group 3: Changing Pricing Logic of Gold - The pricing logic of gold is undergoing significant changes, moving away from direct correlations with US dollar interest rates and inflation expectations [3]. - Factors such as de-dollarization, global central bank demand for gold, and the restructuring of the monetary credit system are positioning gold as a core asset in the new financial order [3].