金价一夜翻盘！2025年10月30日05：30，金价实时消息速递

Core Viewpoint - The recent volatility in the gold market was primarily driven by a psychological battle surrounding the Federal Reserve's interest rate cut expectations, leading to a dramatic price surge as short sellers rushed to cover their positions [1][3]. Group 1: Gold Market Dynamics - On October 29, spot gold prices surged from a low of $3943.89 per ounce to a high of $4030.03, marking a single-day increase of over $70 [1]. - The Federal Reserve announced a 25 basis point rate cut, lowering the target range for the federal funds rate from 4.00-4.25% to 3.75-4.00%, marking the first consecutive rate cuts in a year [3]. - Following the Fed's announcement, Chairman Powell's comments about future rate cuts being "far from certain" caused market expectations for a December rate cut to drop from 92% to 62%, leading to a rise in the dollar index and a subsequent decline in gold prices [3]. Group 2: Market Reactions and Consumer Sentiment - The gold market experienced significant fluctuations, with prices dropping below $4000 just days prior, reaching a low of $3971.38 on October 28, a 3.2% decline [5]. - In the domestic market, gold prices rebounded above 910 yuan per gram on October 29, after a notable drop in prices the previous day [5]. - Consumer sentiment has been affected, with individuals expressing anxiety over the rapid price changes, likening gold purchases to stock trading [5]. Group 3: Influencing Factors - Geopolitical risks have eased, contributing to reduced demand for gold as a safe haven, while technical factors indicated that gold was in an overbought state after a significant price increase [7]. - Central bank gold purchases continue to provide long-term support for gold prices, with global demand reaching 1249 tons in Q2 2025, a 3% year-on-year increase [7]. - The Federal Reserve's internal disagreements regarding future monetary policy add to market uncertainty, with two officials opposing the recent rate cut [9]. Group 4: Investment Considerations - The gold ETF market reflects changing investor sentiment, with the Shanghai Gold ETF seeing a nearly 1% increase and a turnover of 287 million yuan as of October 29 [11]. - Despite a cooling in investment demand for gold, consumer interest has surged as prices dipped below $4000, indicating a potential buying opportunity [11]. - Long-term investors are advised to maintain a gold allocation of 5-10% in their portfolios, with a strategy to gradually build positions if prices adjust to the $3800-$3850 range [14].