国际金价跌破4000美元，创十年来最大单周下跌

Core Insights - Since the beginning of the year, gold prices have increased by over 60% due to geopolitical risks, expectations of monetary policy easing, and central bank gold purchases [1] - Recently, gold prices have entered a correction phase, with a significant drop of 3.2% on October 28, falling below $4000 per ounce, marking one of the largest weekly declines in a decade [1] - Analysts suggest that the recent decline in gold prices is a temporary adjustment, as the demand for gold as a safe-haven asset has weakened, leading investors to shift towards equities and high-yield assets [1] Market Sentiment - Investors are closely monitoring any comments from Federal Reserve Chairman Jerome Powell regarding future interest rate paths, as gold tends to perform well in low-interest-rate environments [5] - UBS has projected that gold prices could reach $4200 per ounce in the coming months, maintaining a positive outlook on gold's attractiveness, although acknowledging potential short-term corrections [5] - JPMorgan highlights that profit-taking by trend-following funds has led to the recent price correction, with non-retail selling being a dominant factor; they maintain a long-term view that gold prices could double within three years, supported by stock risk hedging and central bank purchases [5]