Shen Zhen Shang Bao·2025-10-17 04:27Group 1 - COMEX gold prices opened higher on October 17, surpassing $4,360 per ounce, reaching a peak of $4,392 per ounce, marking a new historical high [1] - As of the report, spot gold was priced at $4,357.19 per ounce, reflecting a 0.71% increase from the previous day [1] - Domestic gold jewelry prices also rose, with brands like Lao Miao and Zhou Sheng Sheng seeing significant daily increases in their gold prices per gram [2][3] Group 2 - The surge in gold trading is partly supported by rising expectations of a Federal Reserve interest rate cut, amid uncertainties regarding the U.S. government shutdown and its potential economic impacts [3][4] - Global central banks are actively purchasing gold, and there is a trend of reallocating funds from U.S. Treasury securities to gold among various investors [4] - Bank of America predicts that factors such as the expanding U.S. fiscal deficit and rising debt levels will continue to drive gold prices higher in the coming year [4] Group 3 - The Shanghai Gold Exchange issued a notice on October 16, urging member units to enhance risk control measures due to recent volatility in international precious metal prices [4] - Several banks, including Industrial and Commercial Bank of China and China Construction Bank, have issued warnings about increased market risks associated with precious metal price fluctuations [5] - China Bank announced an adjustment in the minimum purchase amount for gold accumulation products, increasing it from 850 yuan to 950 yuan [8]