Core Viewpoint - The recent decline in gold prices is seen as a necessary correction after a significant speculative surge, with industry experts anticipating further price drops to stabilize the market [2][5][6]. Group 1: Price Movements - Gold prices fell below $4,000 per ounce, reaching a low of $3,980, after a 27% increase over seven weeks, peaking at $4,381 on October 20 [2]. - The recent drop represents a decline of over 9% from the recent high [2]. - Analysts expect gold prices may need to drop further, with some suggesting a potential target of $3,700 before testing new highs [5]. Group 2: Market Sentiment - Industry executives view the current price drop as a "healthy correction" to the overheated market, with many welcoming a deeper pullback [5]. - John Reade from the World Gold Council noted that many in the industry would prefer a more significant correction to clear speculative positions [5]. - The sentiment among some analysts is that a price around $3,500 could be considered healthy for the market [7]. Group 3: Future Outlook - Despite short-term concerns, major banks like HSBC, Bank of America, and Société Générale maintain a bullish outlook with a target price of $5,000 for gold next year [4][7]. - The sustainability of retail investor demand and central bank purchasing activity remains uncertain, with recent trends showing increased interest from retail investors in Australia and Japan [7]. - Central banks have been diversifying their assets by purchasing gold, although recent data indicates a slowdown in these purchases [6][7].
金价跌破4000美元,较高点已跌9%,业内欢迎"健康回调"
Hua Er Jie Jian Wen·2025-10-28 09:27