金价大跌吸引买家，美联储再降息利好，4000美元关口还能撑多久？

Core Viewpoint - The article discusses the recent fluctuations in gold prices, the impact of the Federal Reserve's interest rate cut, and the psychological significance of the $4000 price level for gold, highlighting the dynamics between buyers and market sentiment [1][5][13]. Group 1: Gold Price Movements - Gold prices initially surged to historical highs but then experienced a sudden decline in late October, prompting buyers to enter the market as prices dropped to new lows [1][3]. - The international gold price briefly rebounded to around $4009 per ounce, with the $4000 mark becoming a critical psychological barrier that could trigger stop-loss orders or panic selling if breached [3][6]. Group 2: Federal Reserve Actions - On October 29, the Federal Reserve announced a 25 basis point interest rate cut, bringing the target range for the federal funds rate to 3.75% to 4.00%, marking the second cut since September and the fifth since September 2024 [5][10]. - The Fed's decision to cut rates was influenced by slowing economic growth and high inflation, aiming to stabilize the economy amid incomplete data due to a potential government shutdown [5][10]. Group 3: Market Reactions - The interest rate cut typically reduces the opportunity cost of holding gold, leading to increased buying interest, particularly among retail investors and physical buyers [6][11]. - Despite the buying momentum, there are concerns about a potential short-term correction, with analysts suggesting support levels at $3850 and even $3690, creating a tense market atmosphere [6][11]. Group 4: Market Sentiment and Dynamics - Many ordinary buyers view the current market as an opportunity to purchase gold and jewelry without chasing extreme highs, contributing to market stabilization [8][11]. - The weakening dollar and expectations of further rate cuts have made gold more attractive, resulting in increased trading activity [8][11]. Group 5: Future Outlook - If gold prices can hold above the $4000 level, market sentiment may turn optimistic, encouraging further investments in physical gold or futures [11][13]. - Conversely, if prices fall below this threshold, concentrated stop-loss orders could trigger significant selling, leading to increased volatility and potential price corrections [11][13].