Core Viewpoint - The recent significant fluctuations in gold prices, including a sharp decline of 6.3% on October 21, 2023, have paused a months-long upward trend, despite gold's year-to-date increase of approximately 55% driven by central bank purchases, ETF inflows, and heightened demand for safe-haven assets due to geopolitical and trade tensions [1][3]. Group 1: Gold Market Dynamics - Gold prices experienced a notable drop, falling to around $4,000 before recovering to approximately $4,115, following a record single-day decline of $231 [1]. - The gold market has been a focal point on Wall Street this year, with prices surpassing $4,000 and reaching over $4,300, marking an annual increase exceeding 50% [3]. - The demand for gold is bolstered by central banks increasing their gold reserves, renewed interest in gold ETFs, and domestic investors seeking alternative investment channels after a prolonged downturn in the real estate market [3][4]. Group 2: Supporting Factors for Gold Prices - Geopolitical instability, economic uncertainty in trade, and frequent U.S. government shutdowns continue to support gold prices, enhancing its appeal as a safe-haven asset [4]. - Anticipated interest rate cuts later this month and in December are expected to further strengthen gold prices, as declining bond yields may weaken the dollar, benefiting gold performance [4].
金投财经晚间道：央行囤金+降息预期双轮驱动 黄金周内巨震仍显韧性！
Jin Tou Wang·2025-10-22 09:48