Core Insights - Gold futures prices have been significantly supported by multiple factors including geopolitical risks, central bank gold purchases, ETF inflows, expectations of US interest rate cuts, and trade tariff concerns [1][3]. Group 1: Market Dynamics - On October 13, gold futures saw a substantial increase, with the Shanghai gold futures reaching a peak of 928.88 yuan per gram [1]. - The deterioration of global risk sentiment was noted, particularly following President Trump's threats of imposing a 100% tariff on Chinese exports and new export controls on key software starting November 1 [3]. Group 2: Geopolitical Context - In response to the tariff threats, China accused the US of double standards and indicated potential unspecified countermeasures, asserting that it is not afraid of a possible trade war [3]. - Despite the heightened rhetoric, Trump softened his stance over the weekend, stating that the US does not intend to harm China and that both economies wish to avoid losses [3]. Group 3: Economic Implications - The US government shutdown is expected to enter its third week, with Congress failing to reach an agreement on funding plans, contributing to market uncertainty [3]. - The Senate is scheduled to vote on funding plans, but there is little willingness for compromise from either party, with Trump blaming Democrats for the situation [3]. Group 4: Technical Analysis - The outlook for gold futures remains bullish, with support identified at 905 yuan per gram; traders are advised to wait for a pullback to key levels before considering bullish positions [4]. - The potential for gold prices to reach 935 to 950 yuan per gram is anticipated in the current upward trend [4].
全球风险情绪恶化 黄金期货涨幅持续扩大
Jin Tou Wang·2025-10-13 08:17