国际黄金暂稳4100美元关口，年轻投资者成线上黄金投资主力

Core Insights - Despite the historical high prices of gold, public investment enthusiasm remains strong [3][4] - After a significant drop, international gold prices have stabilized above $4,100 per ounce [2][3] Price Movements - As of October 24, London spot gold was reported at $4,101 per ounce, with a daily decline of 1.06% [3] - Gold prices experienced extreme volatility, reaching a peak of $4,398 per ounce on October 20, followed by a drop exceeding 6% on October 21, marking the largest single-day decline in nearly 12 years [3][4] - The average holding period for gold ETF investors on the Ant Group platform is 1,750 days, indicating a long-term investment approach [4] Investor Behavior - Young investors, particularly those born in the 1990s and 2000s, now represent over 55% of online gold investors [3][4] - There has been a fivefold increase in searches for "gold" on Alipay compared to the same period last year, with over 9.4 million searches in the week following the National Day holiday [4] - The number of investors purchasing gold accumulation and gold ETF funds on the Ant Group platform post-holiday was 1.8 times that of the same period before the holiday [4] Market Analysis - Despite the recent volatility, gold prices have increased by over 50% year-to-date [5] - Analysts emphasize the importance of high volatility as a key consideration for investors [5] - The upcoming U.S. economic data release is anticipated to influence future gold price movements [5] Institutional Insights - Central bank gold purchases and a weakening of the U.S. dollar are expected to support gold prices in the medium to long term [6] - In September, gold ETFs recorded a record monthly inflow of $26 billion, indicating strong institutional interest [7] - UBS maintains a year-end gold price target of $4,200 per ounce, while Goldman Sachs projects a price of $4,900 per ounce by the end of 2026 [7]