半两财经｜黄金一度跌到4000美元以下

Core Viewpoint - The recent fluctuations in gold prices are influenced by a combination of geopolitical factors, market sentiment, and technical trading dynamics, with a notable decline observed after reaching historical highs earlier in the month [3][4]. Group 1: Price Movements - On October 28, spot gold opened at $3981.66 per ounce and rose to over $4000, recovering from a dip below this threshold on October 27, where it fell to a low of $3973 [1][5]. - Gold prices had previously surged to a peak of $4390 per ounce on October 17, but experienced a sharp decline starting October 21, leading to a significant drop of 2.8% on October 27 [3]. Group 2: Influencing Factors - The easing of U.S.-China trade tensions has reduced safe-haven demand for gold, contributing to the recent price declines [3]. - Market expectations regarding the Federal Reserve's interest rate decisions and the overall global economic outlook have created a complex environment for gold prices [3][4]. - Technical selling pressure emerged as investors took profits after a rapid increase in gold prices from $3800 to $4400 in the first three weeks of October [3]. Group 3: Future Outlook - Analysts suggest that gold prices may continue to face downward pressure in the short term due to strong global stock market performance and rising U.S. Treasury yields, which diminish gold's appeal as a safe-haven asset [4]. - Despite short-term challenges, long-term factors such as geopolitical risks, inflation expectations, and ongoing central bank gold purchases may provide support for gold prices [4].