Core Viewpoint - The uncertainty in trade relations has increased demand for safe-haven assets, leading to a rise in gold prices, which reached a new historical high of $4,381.29 per ounce before closing at $4,374.30, a 3.82% increase [1] Group 1: Market Reactions - COMEX gold futures experienced a significant increase, with prices briefly surpassing $4,381.29 per ounce, marking a new historical high [1] - As of the close, the gold ETF Huaxia (518850) fell by 3.12%, while the gold stock ETF (159562) dropped by 4.45% [1] Group 2: Trade Tensions - Trump has pressured India regarding its purchase of Russian oil, threatening to impose "huge tariffs" on Indian goods, which has escalated trade tensions between the two countries [1] - Ongoing trade negotiations between the U.S. and India aim to reach a trade agreement and reduce punitive tariffs [1] Group 3: Economic Uncertainty - The government shutdown in the U.S. has delayed economic data, amplifying economic uncertainty and reinforcing safe-haven sentiment [1] - Jeffrey Christian, managing partner of CPM Group, noted that political and economic concerns were the primary drivers behind the rapid rebound in gold prices following a significant drop last Friday [1]
避险情绪持续蔓延,金价短暂回调后再度走高,大涨3.82%
Mei Ri Jing Ji Xin Wen·2025-10-21 01:37