中国基金报·2025-10-11 03:54Core Viewpoint - The article highlights the significant rise in gold prices globally, with spot gold reaching $4017.845 per ounce, reflecting a 1.05% increase, and domestic gold jewelry prices also surging, indicating a strong demand for gold as a safe-haven asset amid market turmoil [1][6]. Price Movements - As of October 11, the price of gold jewelry in China has increased, with Lao Miao gold jewelry priced at 1183 RMB per gram, up by 18 RMB from the previous day [8][10]. - Other brands such as Chow Tai Fook and Luk Fook have also seen their gold prices rise, with prices reported at 1180 RMB and 1176 RMB per gram respectively [10]. Market Context - The global financial markets experienced a sharp decline, prompting investors to seek refuge in safe-haven assets like gold and government bonds [6]. - Concerns over trade relations due to tariff threats from former President Trump and the ongoing U.S. government shutdown have contributed to a bearish sentiment in the market, leading to expectations of potential interest rate cuts by the Federal Reserve [7]. Consumer Sentiment - Social media reflects a growing regret among consumers for not investing in gold earlier, with many expressing feelings of missing out on the current price surge [2][4]. - Despite rising prices, there remains a strong demand for gold, particularly during festive seasons and weddings, indicating a shift in consumer preferences towards high-value, well-designed gold products [12]. Central Bank Activity - In the second quarter of this year, global central banks purchased a net total of 166 tons of gold, with emerging market central banks like Poland, Turkey, and Qatar being significant buyers [7]. - The World Gold Council projects that by October 2025, the global official gold reserves will reach a value of $4.64 trillion, a 52.9% increase from the end of 2024 [7].