Core Insights - Despite the historical high prices of gold, public investment enthusiasm remains strong [3][4] - After a significant drop, international gold prices have stabilized above $4,100 per ounce [2][3] Price Movements - As of October 24, London spot gold was reported at $4,101 per ounce, with a daily decline of 1.06% [3] - Gold prices experienced extreme volatility, reaching a peak of $4,398 per ounce on October 20, followed by a drop exceeding 6% on October 21, marking the largest single-day decline in nearly 12 years [3][4] - The average holding period for gold ETF investors on the Ant Group platform is 1,750 days, indicating a long-term investment approach [4] Investor Behavior - Young investors, particularly those born in the 1990s and 2000s, now represent over 55% of online gold investors [3][4] - There has been a fivefold increase in searches for "gold" on Alipay compared to the same period last year, with over 9.4 million searches in the week following the National Day holiday [4] - The number of investors purchasing gold accumulation and gold ETF funds on the Ant Group platform post-holiday was 1.8 times that of the same period before the holiday [4] Market Analysis - Despite the recent volatility, gold prices have increased by over 50% year-to-date [5] - Analysts emphasize the importance of high volatility as a key consideration for investors [5] - The upcoming U.S. economic data release is anticipated to influence future gold price movements [5] Institutional Insights - Central bank gold purchases and a weakening of the U.S. dollar are expected to support gold prices in the medium to long term [6] - In September, gold ETFs recorded a record monthly inflow of $26 billion, indicating strong institutional interest [7] - UBS maintains a year-end gold price target of $4,200 per ounce, while Goldman Sachs projects a price of $4,900 per ounce by the end of 2026 [7]

金价盘中冲高回落，但反弹走势难言乐观，目前仍处于大跌之后的调整阶段。不过从ETF持仓数据来 看，近几日黄金和白银ETF的抛售并没有特别极端，这也意味着投资者对贵金属的前景尚未出现根本性 的转变。 10月24日，COMEX黄金期货价格延续回调，盘中一度跌至4098美元，随后震荡拉升，于4100美元/盎司 附近获支撑，截至14:48，黄金ETF华夏（518850）跌0.41%，黄金股ETF（159562）跌0.05%。 展望后市，东方金诚研究发展部副总监瞿瑞认为，区域风险等使市场避险需求持续存在，全球央行黄金 配置的意愿仍较强，且市场降息预期持续，国际金价中长期仍处于震荡上行通道。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 ...

Price Trends in Domestic Gold Market - The overall price of gold jewelry in domestic stores has shown a rebound, with Chow Sang Sang experiencing the largest increase of 25 yuan per gram, reaching 1236 yuan per gram, making it the highest-priced store currently [1] - Shanghai China Gold remains unchanged at 1125 yuan per gram, which is the lowest price among major brands [1] - The price difference between the highest and lowest gold prices has expanded to 111 yuan per gram [1] Detailed Price Listings - The following are the detailed prices from various gold retailers: - Lao Miao Gold: 1227 yuan per gram, up by 5 yuan - Liufuk Gold: 1232 yuan per gram, up by 9 yuan - Chow Tai Fook Gold: 1232 yuan per gram, up by 9 yuan - Zhou Liufu Gold: 1164 yuan per gram, up by 19 yuan - Jin Zun Gold: 1232 yuan per gram, up by 9 yuan - Lao Feng Xiang Gold: 1228 yuan per gram, up by 6 yuan - Chao Hong Ji Gold: 1232 yuan per gram, up by 9 yuan - Cai Bai Gold: 1172 yuan per gram, unchanged - Shanghai China Gold: 1125 yuan per gram, unchanged [3][4] Platinum and Gold Recycling Prices - Platinum prices have also increased, with Chow Sang Sang's platinum jewelry rising by 17 yuan per gram to 660 yuan per gram [4] - The gold recycling price has increased by 6 yuan per gram, with significant price differences among brands: - Cai Bai Gold: 934.00 yuan per gram - Zhou Sheng Sheng Gold: 937.00 yuan per gram - Zhou Da Fu Gold: 926.30 yuan per gram - Lao Feng Xiang Gold: 944.50 yuan per gram [4] International Gold Market Overview - The spot gold price rebounded after two days of decline, reaching a peak of 4154.42 USD per ounce before closing at 4126.43 USD per ounce, marking a 0.70% increase [6] - As of the latest update, spot gold is trading at 4095.48 USD per ounce, reflecting a 0.75% decrease [6] - The recent increase in gold prices is attributed to heightened market tensions due to U.S. sanctions on Russia and escalating U.S.-China trade issues, which have increased market risk aversion [6] - Morgan Stanley maintains a bullish outlook on gold, predicting it could reach 6000 USD by 2028, especially with the onset of a Federal Reserve rate cut cycle [6]

此位置上方，再反弹，上方延续，继续看4160的前阻力。 再破，上看4200的阻力承压。 黄金空头急刹车，快涨快跌，上蹿下跳，大范围内止跌调整。昨天多头再度反攻，大涨90美金，今天遇 阻闪跌，调整再探4100关口。 今天的走势 昨天震荡上扬，面临4160前高。 多头再遇阻，又进入调整阶段。 今天闪跌，重回4100附近。 调整不变，下方先看4090的位置。 当然了，守4090不住。 今天消息面 重磅，今晚美CPI重磅砸场，这个重磅炸弹袭来。全球又要聚焦了，特别是对于美联储的决议，有着深 度的影响。当然了，美政府停摆持续，CPI或继续失明，美联储继续夜行。 同时，还有PMI数据，检测美经济的强弱指标。包括美消费者信心指数，受关税冲击的重要数据，继续 关系到美元的强弱和黄金走势。 对于现货黄金的投资，方向和趋势的判断尤其重要。更重要的是入场点和出场点的把握能力，说白了就 是准确率，这个是能够实现稳健获利的必要的前提条件。这个不是一两本书，或者一两年功夫实操就可 以锻炼出来的。而是需要长时间实操和结果和经验。 下方延续回调，持续看向4023的支撑。 黄金年内连涨4个月后，8月收官，持续了4个月的横盘，震荡格局终于打破。 ...

Group 1 - COMEX gold futures prices have experienced fluctuations, currently trading around $4124 per ounce, with mixed performance in gold-related ETFs [1] - The Huaxia Gold ETF (518850) has seen continuous net inflows over the past 23 trading days, totaling 2.97 billion yuan, with 1.141 billion yuan inflows this week alone, leading to a record high of 944 million shares [1] - Analysts suggest that despite significant short-term pullback pressure on gold prices, the long-term investment value remains strong, recommending gradual accumulation or dollar-cost averaging for long-term investors [1] Group 2 - Morgan Stanley's global commodities strategy head, Natasha Kaneva, asserts that gold remains the most confident bullish asset for the year, with further upside potential as the market enters a Federal Reserve rate cut cycle [2]

记者 张一诺 避险资产黄金正在变成高波动资产。 自周二起，国际金价连续回调，截至发稿，伦敦金现货在4110美元左右盘整，较周一创下的历史高点 4381.48跌幅达6%。分析师表示，8-9月的这波黄金牛市主要由投资机构和投机者主导，这样的交易结构 更容易暴涨暴跌。 他们认为，短期看，国际金价可能面临20%左右甚至更大幅度的回调，但金价长期上行的逻辑并没有动 摇。 "从持续时间看，最大跌幅大致发生在转折点后23至148个交易日。这意味着投资者需要为可能持续数 月、幅度达20%-40%的调整做好心理准备和仓位管理。"绍兴宇说。 10月21日，现货黄金价格盘中突然暴跌6.3%，创逾12年来最大单日跌幅。分析师表示，此次金价调整 并没有看到明显的导火索，可能是因为诸如俄乌谈判、中美贸易缓和、美国政府重新"开门"等一系列消 息触发获利了结情绪。 截至北京时间周五11:15，伦敦金现货每盎司报4117.7美元，较去年末上涨约57%。 "当前黄金多头市场拥挤度已处于较高水平，加之市场参与者对特朗普关税政策、美元指数大幅波动、 地缘政治突变、美联储货币政策（降息节奏与幅度等）与预期的差异等突发信息高度敏感。任何相关消 息都会影 ...

Core Insights - Gold prices have recently stabilized above $4,300, with strong investor interest continuing despite high volatility [1] - After the National Day holiday, online gold investment surged, with the number of people purchasing accumulated gold and gold ETFs increasing by 1.8 times compared to the same period before the holiday [1][5] - Young investors, particularly those born in the 1990s and 2000s, represent nearly 60% of online gold investors, indicating a shift in demographic trends in gold investment [1][5] Investment Trends - The week following the National Day holiday saw over 9.4 million searches for "gold," a fivefold increase compared to the same week in previous years [5] - The interest in gold investment is particularly pronounced among younger generations, with over 40% of gold ETF investors being born after 1995 [5] - The investment strategies recommended include diversification, consistent investment, and reasonable holding of gold as part of an asset allocation strategy [1][5] Investment Products Comparison - **Accumulated Gold**: Minimum investment typically starts at 1 gram, with low theft risk and no storage fees [3] - **Gold ETFs**: Minimum investment usually starts at 1 yuan, with real-time trading support but only available on trading days [3] - **Physical Gold**: Can be stored personally, but incurs additional storage fees and risks associated with theft [3]

Group 1 - A woman in Hangzhou has been preparing gold jewelry for her son’s wedding for 10 years, initially buying gold when prices were around 200 RMB, and has made a profit of over 200,000 RMB by selling some of it [1] - The recent fluctuations in international gold prices have been notable, with spot gold rising by 0.7% to 4,126.49 USD per ounce on October 23, and COMEX gold futures increasing by 1.91% to 4,143.2 USD per ounce [1] - Following the rise in gold prices, on October 24, the price of Chow Sang Sang's gold jewelry increased to 1,236 RMB per gram, up by 25 RMB from the previous day, while Lao Miao's gold jewelry price rose to 1,227 RMB per gram, an increase of 14 RMB [1]

受全球央行增持黄金等影响，今年金价一路飙升，国庆后国际金价最高甚至达到了4379.38美元/盎司（1盎司约31克），周大福、周大生等国内品牌的实 物黄金也一度高达1268元/克。尽管期间有过几次跌幅，但今年来，金价涨幅总体超过了60%。 这一波黄金走势，吸引了许多人上车。尤其往日自嘲"大家赚钱与我无关"的年轻人，错过了现象级的光线传媒、泡泡玛特等股票，这次则冲到了前线买 金，通过购置黄金ETF联接基金、纸黄金的方式，试图分得一杯羹。 不过近期，黄金创下了5年内单日最大跌幅。不少刚上车的淘金新人，单日收益破千元的甜味还没尝够，第二天就被负千元的绿色数字当头棒喝。接下 来，金价该如何走，年轻人是追是等、还是彻底放弃，考验"财富配置智识"的时刻来了。 果然，10月13日周一刚过，守候已久的子安立刻查看账户——黄金基金涨了3.47%，自己的收益为+377.7元。足以玩场密室逃脱后，再去吃顿火锅，这是 时下很多年轻人的新时代小确幸。 黄金基金，年轻人理财的第一辆车 自从买了黄金ETF联接基金（后简称黄金基金）后，原本就习惯晚睡的子安，更是心安理得地熬夜了：只要过了零点，他就可以点开自己的支付宝，查看 收益。比如10月1 ...

Group 1 - The current price of investment gold bars is approximately 935.4 yuan per gram, with an additional handling fee of 13 yuan, totaling about 948.4 yuan per gram [1] - There has been an increase in customer traffic at investment gold bar counters, with some products like 10-gram gold bars currently out of stock due to high demand [2][4] - The spot gold price has shown fluctuations, with a recent peak of 4150 USD per ounce, reflecting a 1.27% increase on October 23 [3][4] Group 2 - Many investors are actively monitoring gold prices and making purchases, with some opting for smaller weight gold bars [6] - A significant number of customers are also participating in gold buyback programs, with long queues observed at the buyback counters [7] - The buyback price for gold bars is set at the investment base price minus 3.8 yuan per gram, while the buyback price for gold jewelry is minus 5 yuan per gram [8] Group 3 - Investors are expressing mixed sentiments about the market, with some choosing to sell their gold bars to realize profits while others are looking to buy more at lower prices [9][10] - The buying and selling activities are influenced by recent price changes, with some investors feeling uncertain about future price movements [9][10]