Group 1 - International gold prices continue to rise strongly, showing a four-day consecutive increase, indicating a strong market trend despite potential short-term pullback risks [1] - The latest Federal Reserve Beige Book reinforces market expectations for interest rate cuts in October and December, with a 97.3% probability for a 25 basis point cut in October and a 94.2% probability for another cut in December [1] - Analysts from major investment banks, including JPMorgan, suggest that gold is a more attractive store of wealth compared to AI stocks, with future price projections potentially reaching $5,000 to $10,000 [1] Group 2 - Since August, gold prices have increased by nearly $1,000, maintaining an overall upward trend, although caution is advised due to overbought conditions indicated by technical indicators [2] - Current price movements are within the range defined by the 10-day moving average and the upper Bollinger Band, with a potential resistance level at $4,239, which if broken, could lead to a target near $4,280 [2] - Despite the recent four-day increase, there is a need to be vigilant for potential pullbacks, but as long as prices do not fall below the 5-day and 10-day moving averages, any retracement could be seen as a setup for further upward movement [2]
黄金时间·每日论金:金价“四连阳”后或需警惕冲高回撤风险
Xin Hua Cai Jing·2025-10-16 13:38