北京时间10月22日晚间，国际金价再度大跌，截至发稿，伦敦金现跌2.46%至4023美元/盎司。 | 伦敦金现 | 4023.260 | -101.510 | -2.46% | | --- | --- | --- | --- | | 伦敦银现 | 47.775 | -0.887 | -1.82% | | COMEX黄金 | 4035.1 d | -74.0 | -1.80% | | COMEX白银 | 47.420 d | -0.284 | -0.60% | 此前一个交易日，国际金价出现大跌行情，当天伦敦金现价格暴跌超过5%，单日每盎司下跌超过200美元，盘中价格一度跌破4100美元/盎司。 10月22日，国际金价盘中巨震，当天早间，伦敦金现价格一度跌破4010美元/盎司，随后又震荡拉升走高，一度转涨。午后震荡走低转跌，直至傍晚加速下 跌。 金价巨震。 光大期货贵金属资深研究员展大鹏表示，俄乌局势出现重大转折，是黄金大跌的直接原因。乌克兰与欧洲主要国家发表的联合声明支持特朗普"立即停战"立 场，并以现有接触线为谈判起点。作为自2022年以来央行购金与金价上涨的重要驱动因素之一，俄乌冲突若迎来实质性缓和，将对黄 ...

Core Viewpoint - The recent extreme fluctuations in gold prices are attributed to an overcrowded bullish market, leading to profit-taking by long positions after a significant price increase since September [2][5]. Price Movement - On October 21, spot gold experienced a sharp decline of 6.3%, reaching approximately $4080 per ounce, marking the largest single-day drop since April 2013. The closing price on that day was down 5.31%, the largest drop in nearly 12 years [3][4]. - On October 22, spot gold further dipped to a low of $4002 per ounce before recovering, with the price stabilizing around $4139 per ounce at the time of reporting [3]. - COMEX gold futures also fell by 5.07% on October 21, closing at $4138.5 per ounce [4]. Market Impact - The decline in gold prices has negatively affected gold-related stocks, with companies like Shandong Gold and Zhongjin Gold opening down over 7% on October 22, and closing down more than 3% [4]. - Several jewelry brands reported a decrease in domestic gold jewelry prices, with notable drops in the prices of gold per gram [4]. Factors Behind the Decline - The extreme market conditions are primarily due to a high level of bullish sentiment, with significant profit accumulation since September, prompting profit-taking [5]. - Short-term risk factors have eased, including positive signals in U.S.-China trade relations and a reduction in geopolitical tensions, leading to decreased demand for gold as a safe haven [6]. - Technical analysis indicates that gold prices had risen too quickly, reaching overbought conditions, necessitating a correction [6]. Future Outlook - Analysts believe that the recent price correction is a normal occurrence and does not alter the long-term upward trend for gold prices, despite recent easing in U.S.-China trade tensions [7]. - Historical trends suggest that after a prolonged period of price increases, gold may experience a correction of 20% to 40% within the following year [8]. - The World Gold Council indicates that gold is likely to remain resilient, especially during stock market corrections, as long as there are no significant liquidity crises [9].

10月22日金价速报，国内金店黄金价格大幅下跌，整体价格和上周三差不多，还是很高。其中，周生生 黄金跌的相对比较少，下跌51元/克，报价1238元/克，为新的最高价金店。上海中国黄金下跌40元/克， 报价1135元/克，稳定成为最低价金店。今日黄金高低价差有所拉近，报103元/克。 以下是各大品牌金店详细报价： 今日金价 单位 变动幅度 涨跌 老庙黄金价格 1211 元/克 57 83 跌 六福黄金价格 1235 元/克 57 跌 周大福黄金价格 1235 元/克 跌 周六福黄金价格 1145 元/克 64 跌 今日金店黄金价格一览（2025年10月22日） 金店报价 金至尊黄金价格 1235 元/克 57 潮宏基黄金价格 1235 元/克 57 跌 跌 老凤祥黄金价格 1229 元/克 61 跌 周生生黄金价格 跌 菜百黄金价格 1182 元/克 1238 元/克 51 40 跌 上海中国黄金价格 1135 元/克 40 跌 今日金店铂金价格同样出现大跌，就拿周生生黄金来说，铂金饰品价格下跌20元/克，报641元/克。如 需了解其他品牌铂金价格，欢迎留言，我们将及时汇总更新。 此外，今日黄金回收价格也是跌了 ...

港股黄金股普跌，潼关黄金跌超9%，中国白银集团、中国黄金国际跌超8%，集海资源跌近8%，山东黄 金、灵宝黄金、招金矿业跌超6%，紫金黄金国际跌超5%，紫金矿业、赤峰黄金、珠峰黄金跌超4%。 昨日，现货黄金价格一度暴跌逾6.3%，创十余年来最大单日跌幅。 花旗银行预计，美国政府停摆结束及中美协议公布可能推动黄金在未来2-3周内进入震荡整理阶段。花 旗银行表示短期内看跌黄金（此前看涨，现转为看跌），设定0-3个月目标价为4000美元/盎司。 港股频道更多独家策划、专家专栏，免费查阅>>责任编辑：栎树 ...

Gold Technical AnalysisThe $4,200 level in the gold market looks like it is going to continue to offer support, and it is worth noting that we initially tried to rally a bit and then fall apart. All things being equal, this is a market that I think continues to see a lot of back-and-forth action, perhaps a little bit of sideways action. We’ll just have to wait and see. But this is a market that I think is hanging around $4,200 and $4,400. But if we break down below $4,200, then we could see a market drop do ...

Group 1 - HSBC raised its 2025 gold price forecast by $100 to $3,455 per ounce, expecting it to reach $5,000 per ounce in 2026 [1] - Despite record gold prices, physical gold demand in Asia remains strong, with India's premiums hitting a ten-year high before the festival season [1] - JPMorgan CEO Jamie Dimon stated that gold prices could potentially reach $5,000 per ounce and may even touch $10,000 per ounce under current market conditions [1] Group 2 - According to GF Futures, the U.S. economy and job market are facing recession risks due to government shutdowns, which may strengthen expectations for interest rate cuts by the Federal Reserve [3] - The ongoing fiscal and monetary policy turmoil in developed countries like Europe and Japan is expected to reshape a new asset pricing system, favoring commodities like precious metals [3] - Short-term uncertainties from Trump's policies and U.S.-China tensions may affect the pace of gold price increases, with market volatility anticipated before the APEC meeting in late October [3]

2、美中贸易：缓和压制避险需求 美国总统特朗普表态称对中国100%关税"不可持续"，并确认两周后与中国国家主席会晤，随后中美经贸牵头人举行视频通话，同意尽快开展新一轮磋商， 释放贸易缓和信号，削弱黄金避险需求，导致金价高位回落。但需警惕美国贸易政策的不确定性，其计划对哥伦比亚加征关税，显示强势姿态仍在延续，且 美国政府停摆19天导致关键经济数据缺失，增加市场不确定性。 3、美联储政策与美元：双重博弈 美联储降息预期是金价全年大涨的核心动力，市场已消化10月降息25个基点的可能性，部分押注12月再降50个基点，圣路易斯联储主席支持月底降息的鸽派 表态支撑非孳息资产黄金，汇丰银行上调预测，预计2025年黄金均价3455美元，2026年达5000美元。但美元坚挺构成阻力，上周五美元指数上涨0.2%至 98.53，使黄金对海外买家更昂贵；美债收益率探底回升，10年期收益率涨至3.999%，虽周线连跌三周，但仍对金价形成一定压力，地区银行财报缓解信贷 担忧，市场持续评估相关问题的长期影响。 4、展望与建议 上周，黄金周一到周四强势上涨，连续收阳，周五在上涨至4375/7380区域后受阻大跌，最低跌至4186附近，尾盘回 ...

Core Viewpoint - The recent rise in gold prices is attributed to various factors, including supply-demand dynamics, market sentiment, and external economic conditions, indicating both short-term fluctuations and long-term trends [2][5]. Group 1: Logic Behind Gold Price Increase - Gold prices are fundamentally driven by supply and demand, but are influenced by unique factors such as geopolitical tensions, economic instability, and inflation [2][3]. - Historical instances of significant gold price increases occurred during the 2008 financial crisis and the 2020 pandemic, suggesting that external shocks can lead to substantial price movements [2][3]. Group 2: Strategies for Individuals Facing Rising Gold Prices - Individuals can consider various investment methods in gold, including physical gold, gold ETFs, and gold mining stocks, each with different risk and return profiles [4]. - Gold is viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions, which drives demand and subsequently prices [3][4]. - The impact of inflation and central bank policies, particularly regarding currency valuation and interest rates, plays a crucial role in gold price dynamics [3][6]. Group 3: Future Gold Price Trends - Future gold price movements will depend on several key factors, including global economic conditions, Federal Reserve policies, geopolitical risks, and the potential impact of emerging technologies like digital currencies [5][6]. - A cautious approach is recommended for investors, suggesting that gold can be a part of a diversified asset allocation strategy, particularly for those seeking to hedge against inflation and economic uncertainty [5][6].

Group 1 - The core discussion at the IMF and World Bank annual meeting focused on the rising gold prices, which have become a hot topic among central bank leaders and private sector bankers [1][2] - Gold prices surged to over $4,300 per ounce, continuing a record-breaking trend for the year, leading to debates among market experts about whether to buy or short gold [2] - Concerns were raised by macroeconomists that if the rise in gold prices indicates a bubble, its potential burst could have dangerous repercussions for the global economy [3] Group 2 - Central bank leaders view the movement in gold prices as a signal of political concerns, with former German central bank president Axel Weber stating that skepticism towards governments leads to a preference for gold [4] - James Bullard, former president of the St. Louis Fed, expressed worries about the implications of rising gold prices on inflation, suggesting it reflects a lack of confidence in the Federal Reserve's ability to manage inflation [4] - Tobias Adrian from the IMF noted that the increase in gold prices is a response to investor uncertainty, with central bank gold purchases on the rise but at a steady pace [4] Group 3 - U.S. Treasury Secretary Scott Bessent attributed the rise in gold prices to a greater number of buyers than sellers, dismissing claims that it signifies a shift in the dollar's status as the global reserve currency [4] - Economic factors, including supply constraints and a lack of sellers in the short term, are influencing gold prices, according to economist Brian Bethune [5] - Analysts from a left-leaning think tank suggested that the IMF should consider selling part of its substantial gold reserves to fund foreign aid [5]

Core Viewpoint - The upward trend in gold prices is expected to continue in the coming months, driven by its dual role as a "risk hedge" and "strategic asset" [1] Group 1: Price Predictions - Analysts from ANZ forecast that gold prices will rise to $4,400 per ounce by the end of this year and may peak at $4,600 around June 2026 [1] - The current strong price increase is supported by structural factors, suggesting that high prices may persist longer than previous peaks in the 1980s [1] Group 2: Market Dynamics - A potential short-term pullback in gold prices is anticipated despite the ongoing bullish trend [1] - As the Federal Reserve concludes its easing cycle and the outlook for U.S. economic growth and trade tariffs becomes clearer, a moderate decline in gold prices may occur in the second half of 2026 [1]