Core Viewpoint - The report from China Merchants Securities indicates that gold prices have surged due to the U.S. government shutdown and Trump's announcement of a 100% tariff increase on China, with spot gold prices surpassing $4,000 per ounce and reaching a historical high of $4,059 per ounce [1] Group 1: Short-term Factors - The short-term price determinants for gold include anti-inflation and risk-averse sentiments, which are expected to keep gold prices strong in the near term [1] - The current U.S. government debt has reached a leverage ratio of 107.7%, allowing authorities to utilize the dollar's status as a global currency to reduce actual debt burdens through depreciation [1] Group 2: Long-term Factors - Three long-term factors are anticipated to drive the upward movement of gold prices: the high U.S. government debt, the depreciation of the dollar since the pandemic, and the increasing global central bank purchases of gold, which have totaled 4,340.3 tons since the pandemic [1] - The share of gold in foreign exchange reserves has risen to 22.37%, an increase of approximately 5 percentage points over the past year, reflecting a revival of gold's monetary attributes post-Bretton Woods [1] Group 3: Market Dynamics - Global gold ETFs have started buying gold since Q3 2024, with a total net purchase of 1,490.01 tons from Q3 last year to Q2 this year, accounting for 34.3% of the total net purchases by global central banks over the past five years [2] - The anticipated interest rate cuts by the Federal Reserve, with expectations of two more cuts this year, are likely to influence gold prices negatively correlated with U.S. Treasury yields and the dollar index [2] - The reversal of price deflation policies in China is expected to alleviate downward price pressures globally, further supporting gold prices [2]

10月17日凌晨3:55左右，现货黄金突破4300美元/盎司。6:20，现货黄金涨破4370美元/盎司，再创历史新高。 来源：智通财经、新黄河客户端 ...

（责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每经AI快讯，10月17日，现货黄金继续上涨突破4330美元/盎司，日内涨2.9%。 每日经济新闻 ...

Core Insights - Gold prices have reached a new historical record, with spot gold increasing by 1.5% to $4,271.1 per ounce and COMEX gold futures rising by 2% to $4,286.3 per ounce [1] - The surge in gold prices has continued throughout October, with spot gold first breaking the $4,000 per ounce mark at the beginning of the month and COMEX gold futures surpassing $4,200 per ounce on October 15 [2] Price Movements - On October 16, spot gold hit a peak of $4,271.1 per ounce, while COMEX futures reached $4,286.3 per ounce [1] - The Shanghai Gold Exchange reported that Au99.99 reached a maximum of 975 yuan per gram [1] Market Trends - The ongoing "celebration" in the gold market has been evident since the start of October, indicating strong investor interest and demand for gold as a safe-haven asset [2]

Core Viewpoint - The international gold price has reached a new high, surpassing $4250 per ounce, with a year-to-date increase of over 60%, while silver prices have risen by over 83% this year [1] Market Performance - International gold prices have broken through $4250 per ounce, with a weekly increase of over $210 [1] - Domestic gold prices closed at 967.29 yuan per gram, with a rise of 1.79%, while silver prices exceeded 12000 yuan per kilogram [1] - The trading activity in the spot, futures, and equity markets has increased significantly [1] Investment Trends - The total scale of domestic gold-themed ETFs has surpassed 200 billion yuan, attracting over 80 billion yuan this year [1] - The number of shares in three gold stock ETFs has doubled this year, increasing from 346 million shares to 1.36 billion shares [1] - Since October 9, net inflows into gold-themed ETFs have exceeded 10 billion yuan [1] Market Dynamics - The largest global gold ETF has seen an increase in holdings by 40 tons since the beginning of the year, totaling 1022.60 tons as of October 15, though still below historical highs [1] - The largest global silver ETF's holdings have increased by nearly 1000 tons since the start of the year, but still fall short of previous peaks by over 5600 tons [1] Economic Influences - Expectations of a Federal Reserve interest rate cut are rising, with predictions of a 25 basis point reduction by the end of October [1] - Market sentiment is bolstered by comments from Federal Reserve Chairman Jerome Powell confirming the likelihood of rate cuts [1] Future Projections - Analysts predict that gold prices may exceed $4500 per ounce by Q1 2026 and could reach $6000 per ounce by 2030 [1] - A potential short-term pullback in gold prices is anticipated if the U.S. government reopens, although the decline is expected to be limited [1]

10月16日，上海黄金交易所发布公告称，近期影响市场不稳定的因素较多，国际贵金属价格波动剧烈。请各会员提高风险防范意识，继续做好风险应急预 案，维护市场平稳运行。同时，提示投资者做好风险防范工作，合理控制仓位，理性投资。 10月以来，黄金价格不断被刷屏并登上热搜。 10月15日，国际金价创新高，伦敦现货黄金历史上首次冲破4200美元/盎司，收盘价格为4206.57美元/盎司；10月16日，现货黄金价格站上4200美元/盎司 的价格之后继续上升，截至16时18分，现货黄金价格为4232.64美元/盎司，年内涨幅已超过61%。 国内多个品牌足金饰品价格也突破1200元每克，最高达到1248元/克。记者登录实时金价小程序发现，多个品牌金的价格相较上一日涨幅在12元/克附近。 截至16时26分，老凤祥价格为1245元/克，相较上一日上涨15元/克；老庙黄金相较上一日上涨13元/克，价格在众多品牌金中最高，达到了1248元/克。 ...

10月16日，现货黄金盘中一度涨超1%，触及4250美元/盎司，续刷历史新高。现涨幅收窄至0.78%，报 4239.39美元/盎司。 ...

现货黄金向上触及4250美元/盎司，日内上涨1.01%。 ...

Core Viewpoint - On October 16, spot gold prices surged over 1%, reaching a historical high of $4250 per ounce, before narrowing the gain to 0.78%, settling at $4239.39 per ounce [1] Group 1 - Spot gold prices touched $4250 per ounce, marking a new historical peak [1] - The price increase was initially over 1% before it adjusted to a 0.78% gain [1]

现货黄金站上4250美元/盎司，日内涨1.04%。 ...