Core Insights - The price of spot gold has experienced a significant drop of nearly $500 in just seven trading days after reaching a historical high, reflecting market volatility [1] - Central banks globally have been purchasing gold in large quantities, contributing to record high gold prices earlier this year, but recent fluctuations have raised concerns [1] - The former governor of the Philippine central bank highlighted that the country's gold holdings are above the ideal range, suggesting a potential need to sell gold if prices decline [1][2] Market Trends - Gold prices surged past the $4000 mark but quickly retreated, causing market disturbances [1] - The current economic environment, characterized by trade tensions and technical overbought conditions in the gold market, has led to increased interest in gold from both central banks and retail investors [1] - Despite the recent price drop, factors such as slowing economic growth, Federal Reserve rate cuts, and a weakening dollar may continue to support gold prices [1] Price Data - As of October 30, 2023, the spot gold price was reported at $3969.59 per ounce, reflecting a 1.04% increase [3]
黄金闪崩500美元！ 亚洲央行惊魂欲抛售
Jin Tou Wang·2025-10-31 02:41