Group 1: Gold Futures Performance - On October 20, the main gold futures in Shanghai reported a price of 972.32 yuan per gram, reflecting a decline of 1.63% [1] - The opening price for the day was 989.70 yuan per gram, with a maximum of 989.80 yuan per gram and a minimum of 960.06 yuan per gram [1] Group 2: Macroeconomic News - The renewed conflict between Israel and Hamas poses a threat to peace agreements [1] - The 20th Central Committee's Fourth Plenary Session of the Communist Party of China commenced, with significant data expected to be released the same day, indicating that the third quarter economic growth rate may hit a one-year low, alongside a slowdown in industrial output and retail sales in September [1] - China's rare earth product exports have reversed the previous trend of continuous growth [1] Group 3: Institutional Perspectives - The weakening labor demand relative to supply in the U.S. raises concerns about employment, potentially prompting the Federal Reserve to consider consecutive interest rate cuts [2] - Ongoing international trade tensions and major central banks actively purchasing gold contribute to upward pressure on gold prices, alongside recent financial turmoil in the U.S. [2] - However, there are warnings about the risk of short-term overheating in the market, as potential easing of trade tensions or fully priced-in expectations of Fed rate cuts could lead to volatility in high gold price levels [2]
金元期货：四大支柱助推金价 警惕两大风险引发高位波动
Jin Tou Wang·2025-10-21 02:10