金价高位“跳水” 如何看待此次大跌？

Core Viewpoint - The recent sharp decline in spot gold prices, which fell over 6% on October 21, marks the largest single-day drop in 12 years, raising questions about whether this is a trend reversal or a short-term fluctuation [1] Price Movements - Spot gold prices reached a high of $4381.484 per ounce before dropping to $4068.170, reflecting a daily decline of 1.37% as of October 22 [2] - Year-to-date, spot gold prices have increased by 55.03%, while COMEX gold futures have risen by 55.53% [2] - Domestic gold jewelry prices are reported at approximately 1238 RMB per gram for Chow Sang Sang, 1229 RMB for Lao Miao, and 1235 RMB for Chow Tai Fook [2] Market Analysis - The recent volatility in gold prices is attributed to a clash between long-term support factors, such as central bank purchases, and short-term profit-taking due to significant price increases [3] - Experts suggest that the short-term outlook indicates a high probability of continued price fluctuations, with a weakening bullish sentiment but no complete retreat [3] - Core factors supporting long-term gold price increases, such as global uncertainty and declining real interest rates, remain unchanged despite the current market conditions [3] Investment Strategies - Experts recommend that individual investors view gold as a valuable asset for risk hedging and benefiting from interest rate cuts, but caution against high short-term volatility risks [4] - It is advised that investors allocate 10%-15% of their financial assets to gold, using funds that can be invested for over three years, with a preference for gold ETFs due to their low cost and high liquidity [4] - Investors should be cautious of high volatility at current price levels, avoid impulsive buying, and focus on long-term strategies that align with their risk tolerance and investment goals [4]