LFX(SH:600612) Mei Ri Jing Ji Xin Wen·2025-10-07 15:24Group 1 - Gold prices have surged, with spot gold reaching a historic high of $3980 per ounce and New York gold futures surpassing $4000, both up over 50% year-to-date [1][8] - Domestic gold jewelry prices are also hitting record highs, with major brands like Chow Tai Fook and Chow Sang Sang seeing prices exceed 1150 RMB per gram [3][4] - The increase in gold prices has not dampened consumer enthusiasm; instead, it has led to a surge in demand, particularly during the recent holiday period [5][6] Group 2 - High foot traffic was reported in major shopping districts, with consumers showing strong purchasing power, spending from thousands to tens of thousands of RMB on gold jewelry [5][6] - The market for traditional wedding gold items remains strong, with new trends emerging such as 5D gold crafts gaining popularity among younger consumers [6][7] - Goldman Sachs has raised its gold price forecast for December 2026 to $4900 per ounce, citing increased demand from central banks and individual investors as key drivers [7][8]