黄金市场风云变幻，金价下跌大爷大妈挤爆金店，你如何抉择？

Core Insights - The gold market experienced significant volatility on October 22, with prices initially dropping due to a previous night’s international gold price plunge, followed by a recovery, reflecting the diverse reactions of investors [1][10]. Investor Behavior - Many investors, like Mr. Wu, took advantage of the lower gold prices to buy in, demonstrating confidence in gold's long-term value as a hedge against risk and inflation [3]. - Some investors opted to sell their gold holdings to secure profits, with reports of long queues at gold buyback counters, indicating a trend of "locking in" gains amid price fluctuations [5]. Market Trends - Despite a decrease in gold prices, the demand for gold jewelry remains low, with many consumers still viewing prices as too high, leading to a cautious approach in purchasing [6]. - According to the China Gold Association, gold consumption fell by 3.54% year-on-year in the first half of the year, with jewelry consumption down by 26%, attributed to high prices [8]. Price Dynamics - Industry experts suggest that the recent price fluctuations are a natural correction following rapid increases, with expectations that gold prices have not yet peaked due to ongoing monetary easing and global uncertainty [8][10]. - An unusual market behavior was noted where gold prices and the US dollar index rose simultaneously, indicating a shift in market dynamics and a potential "de-dollarization" narrative [10]. Institutional Strategies - Professional institutions have seen net inflows into global gold ETFs for three consecutive months, with significant increases in Asian funds, reflecting a strategic shift towards gold investments [12]. - A private fund manager shared a "core + satellite" strategy, allocating 70% to physical gold and 30% to gold futures, balancing long-term trends with short-term opportunities [12].