金价两天蒸发百亿！刚冲到973元就闪崩，美联储数据成“生死劫”

Core Viewpoint - The recent decline in gold prices, dropping to 948.7 yuan per gram, is attributed to profit-taking and anticipation of key economic data, particularly the U.S. CPI and the Federal Reserve's interest rate decision [1][7]. Market Trends - Gold prices experienced a significant increase of approximately 60% year-to-date, with a 25% rise in the last two months before the recent downturn [1]. - The single-day drop of over 6% is the largest since April 2013, indicating a volatile market reaction [1]. Central Bank Activities - The People's Bank of China resumed increasing its gold reserves after a five-month pause, signaling a strategic move in the gold market [5]. - Other countries, including Poland and Turkey, have also been actively purchasing gold, contributing to a 14% year-over-year increase in global central bank gold purchases in Q3 [5]. Consumer Behavior - In September, gold trading volume in China reached 4,127 tons, a 23% increase year-over-year, reflecting strong consumer demand [5]. - Sales in major cities during the National Day holiday saw a 30% increase compared to the previous year, indicating a growing interest in gold as an investment [5]. Economic Indicators - The upcoming CPI data is crucial as it directly influences the Federal Reserve's interest rate decisions, with expectations of a 3.1% year-over-year increase in core CPI [7]. - Market sentiment regarding a potential 0.25% rate cut by the Federal Reserve has slightly decreased, reflecting uncertainty among investors [9]. Investment Sentiment - Domestic investors are facing a dilemma regarding whether to hold or sell their gold investments amid recent price fluctuations [12]. - The China Gold Association reported a 6.5% year-over-year increase in national gold consumption for the first three quarters, with gold bars and coins seeing a 28% increase [14]. Technical Analysis - The current price of 948 yuan per gram is a critical support level; a drop below this could lead to further declines, while maintaining this level could allow for potential rebounds if the Federal Reserve cuts rates [14]. Long-term Outlook - Despite short-term volatility, factors supporting long-term gold demand remain intact, including geopolitical tensions and persistent inflationary pressures [16][18]. - The World Gold Council highlights that demand from central banks in emerging markets is likely to remain strong, further supporting gold prices [18].