金价高位震荡，或进入月度调整行情，分析师看好黄金上行趋势不改

Group 1 - Gold prices experienced a significant drop followed by a period of high volatility, with COMEX gold futures reaching a low of $4021 before recovering to close at $4116.60 per ounce, marking a 0.18% increase [1] - The global gold market saw an average daily trading volume of approximately $388 billion in September, representing a month-on-month increase of 34%, with off-exchange trading also strong at an average of $191 billion, up 12% from the previous month [1] Group 2 - Citic Futures analysis suggests that precious metals may enter a monthly adjustment phase, with key factors to monitor including the Federal Reserve's monetary policy, personnel changes, and geopolitical and trade developments [2] - The market is particularly focused on the Federal Reserve's monetary policy direction, with three rate cuts already priced in for this year, while expectations for cuts in 2026 have yet to materialize, making the December meeting a critical point of interest [2] - The potential impact of the newly elected Japanese Prime Minister, who has right-wing tendencies, is also a factor to consider in the precious metals market [2] - The long-term bullish trend for precious metals remains intact, with the contraction of dollar credit being a core foundation, indicating a continued upward trend in the value of physical currency [2]