黄金价格持续回落，国内金价一度跌破900元，后市怎么看？

Core Viewpoint - The significant decline in spot gold prices, dropping below $3900 per ounce, indicates a shift in market sentiment influenced by easing trade tensions and expectations of a potential interest rate cut by the Federal Reserve [1]. Group 1: Gold Price Movement - On October 28, spot gold prices fell to a low of $3886.3 per ounce, marking a decline of over 10% from the recent high of $4381.11 per ounce [1]. - The Shanghai gold futures contract also experienced a notable drop, briefly falling below the critical level of 900 yuan per gram [1]. Group 2: Market Sentiment and Economic Factors - Easing trade tensions have led to a reduction in market risk aversion, contributing to the significant drop in international gold prices [1]. - The U.S. economy is currently facing downward pressure, with expectations that the Federal Reserve will announce a shift towards a rate-cutting cycle, which may weaken the U.S. dollar in the long term [1]. Group 3: Investment Outlook - Despite the recent price decline, gold still holds certain investment value, suggesting that international gold prices may not have reached their peak yet [1].