Zhong Guo Xin Wen Wang·2025-10-24 10:13Group 1 - The recent volatility in the gold market has seen spot gold prices drop below $4060 per ounce, with a daily decline exceeding 1% on the 24th [1] - Prior to this, spot gold experienced a significant correction, with a drop of 6.3% on the 21st, marking the largest daily decline since April 2013 [2] - Analysts from Guojin Securities attribute the rapid correction in gold prices to technical adjustments and changes in the macro environment, while maintaining that the long-term upward trend in gold remains intact due to structural erosion of the dollar's credit system [2] Group 2 - Haitong Securities highlights that the ongoing trend of de-dollarization, geopolitical risks, and the need for diversified investment portfolios are driving central banks and institutional investors to increase their gold allocations, providing solid support for gold prices [2] - The restructuring of the global order positions gold as the most suitable safe-haven asset [2] - The high gold prices have positively impacted the performance of gold-related listed companies, with significant profit increases reported [2] Group 3 - Shandong Gold expects to achieve a net profit of 3.8 billion to 4.1 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 83.9% to 98.5% [4] - Zhaojin Gold reported a net profit of 82.16 million yuan for the first three quarters, reflecting a year-on-year growth of 191.2% [4] - Zijin Mining's net profit attributable to shareholders for the first three quarters reached 37.864 billion yuan, marking a year-on-year increase of 55.45% [4]