澳新银行：黄金回落至4000美元，白银表现更优

Core Insights - Gold prices have retreated to around $4000 from a recent peak of $4380, indicating a stable market despite the decline [1][2] - Strong investment demand and central bank purchases are supporting the gold market [1][2] - The U.S. labor market, inflation, and consumer spending risks are balanced, suggesting a potential 25 basis point rate cut by the Federal Reserve next month [1][2] - Factors such as economic slowdown, high stock market valuations, and geopolitical uncertainties are expected to sustain investment demand and central bank gold purchases [1][2] - Silver continues to outperform gold, with the gold-silver price ratio dropping to 80 [1][2] - Retail investment growth in October has tightened the supply in the spot market, contributing to silver's strength [1][2]