Core Insights - The gold market has seen a remarkable increase this year, with prices rising over 60% and spot gold recently surpassing $4,380 per ounce, reflecting significant changes in the global financial landscape [3] - The proportion of gold in global foreign exchange and gold reserves has risen from 24% to 30% since late June, while the dollar's share has decreased from 43% to 40%, indicating a shift in reserve preferences [3] - A potential new world order is emerging, with countries increasingly distrusting fiat currencies and turning to gold as a stable asset, leading to heightened interest from investors [3][4] Market Dynamics - Central banks worldwide expect the proportion of gold in their reserves to continue increasing over the next five years, while the dollar's reserve proportion is anticipated to decline [4] - Current uncertainties in policies, trade issues, and inflation concerns are driving individual investors towards the gold market [4] - Despite the bullish outlook for gold, factors such as the absence of a predicted economic recession and a fragile ceasefire between Israel and Palestine may limit further price increases [4] Technical Analysis - Key resistance levels for gold futures are identified between 1,000 to 1,020 yuan per gram, while significant support levels are noted between 874 to 900 yuan per gram [5]
格局重构金价升沪金内强外稳
Jin Tou Wang·2025-10-20 06:08