Group 1: Gold Market Overview - Recent international gold prices have reached new highs, significantly impacting domestic jewelry brands, leading to noticeable price increases in gold jewelry [1] - On October 14, prices for various gold and platinum products were reported: Chow Sang Sang gold jewelry at 1213 CNY/gram, Chow Tai Fook gold at 1215 CNY/gram, and Lao Feng Xiang gold at 1206 CNY/gram [1] - COMEX gold futures peaked at 4168.4 USD/ounce on October 14, marking a historical high, while spot gold also surged to 4150 USD/ounce, with a year-to-date increase exceeding 1500 USD/ounce [1] Group 2: Future Outlook and Predictions - Institutions remain optimistic about the upward momentum of gold prices, anticipating a "hard to drop" trend due to global geopolitical factors and potential Federal Reserve rate cuts [1] - Goldman Sachs predicts that emerging market central banks will continue diversifying reserves by increasing gold holdings, with average purchases expected to reach 80 tons in 2025 and 70 tons in 2026 [1] - Goldman Sachs has raised its 2026 gold price forecast to 4900 USD/ounce from a previous estimate of 4300 USD/ounce [1] Group 3: Investment Opportunities in Non-Ferrous Metals - CITIC Securities highlights investment opportunities in the non-ferrous metals sector, driven by rising international gold prices due to expectations of continued Federal Reserve rate cuts and ongoing central bank gold purchases [2] - The report notes a significant increase in copper prices, attributed to supply shortages and the logic of a computing power revolution, suggesting a focus on investments in gold, silver, and copper [2]

Core Viewpoint - The recent statements by President Trump indicate a lack of readiness for peace between Russia and Ukraine, leading to increased geopolitical and economic uncertainty globally [1][2]. Group 1: Geopolitical Context - Trump's comments suggest that both Russia and Ukraine are unlikely to reach a peace agreement in the near term, reflecting a significant setback in peace efforts [1]. - The comparison made by Trump regarding the conflict to "children fighting in a park" highlights the ongoing costs both sides are incurring without any willingness to cease hostilities [1]. - The acknowledgment of the situation's complexity and the enduring nature of the conflict signals a potential shift in the U.S.'s role in global geopolitics [2]. Group 2: Market Implications - COMEX gold prices have shown a slight increase, trading at $3386.60 per ounce, with a daily high of $3398.30 and a low of $3375.30, indicating a response to the heightened geopolitical tensions [3]. - The current resistance levels for gold are identified between $3440 and $3450, while support levels are noted between $3340 and $3350, suggesting potential trading strategies in light of the geopolitical developments [3].