Core Viewpoint - The global gold market is experiencing increased bullish sentiment, with institutions adjusting their price forecasts significantly upward due to geopolitical uncertainties and inflation concerns [2]. Group 1: Gold Price Trends - As of October 31, international gold is trading around $4017.70 per ounce, with a slight decline of 0.17% from a peak of $4044.48 [1]. - Wells Fargo Investment Institute has raised its gold price target for the end of 2026 to a range of $4500-$4700, up from the previous $3900-$4100 range [2]. - The current market shows a strong demand for gold from both central banks and private investors, driven by concerns over inflation and currency devaluation [2]. Group 2: Market Dynamics - The U.S. dollar index rose by 0.38% to close at 99.51, reaching a high of 99.72, the highest level since August 1 [3]. - Typically, a stronger dollar exerts downward pressure on gold prices; however, strong safe-haven buying has mitigated this effect, indicating heightened market sensitivity to uncertainty [3]. - Recent technical analysis suggests that gold prices may rebound after reaching support near the 10-week moving average, with potential entry points identified near the middle band of the Bollinger Bands if further declines occur [4].

地缘政治与贸易政策不确定性将持续刺激民间与官方黄金需求。当下，全球央行购金步伐不减，私人投 资者对通胀与货币贬值担忧升温，均构成价格上行动力。 展望今日周五，黄金亚市早盘偏强震荡运行，多头动力有所增强，周二周三的连续止跌看涨形态，也产 生了部分买盘需求，并且，中美会晤结束，美联储降息落地，基本上买预期和卖事实的行情都走完，调 整压力出尽，多头开始转强； 日内的重磅数据将继续跟随昨日初请等数据一样料难公布，可关注美盘2026年FOMC票委、达拉斯联储 主席洛根发表讲话。根据之前和凌晨的讲话来看，预计将会利空金价，但根据走势来看，预计也是短线 走低，并将再度反弹。日内操作可维持震荡或低多看涨为主。 而黄金不仅是避险资产，更是低利率与高不确定性双轮驱动下的战略配置首选。所以，进入11月及12月 乃至明年第一季度，金价将再度展开拉升行情，未来一年左右，美联储仍将多次降息，新的一轮涨势， 已经正在酝酿。 日图；金价昨日连续收取的止跌看涨形态，反弹走强收阳，重回30日均线上方，多头力量增强，但需进 一步加大看涨动力，需反弹至中轨上方持稳，反之则将维持震荡调整，但从主图走势和指标来看，方向 目前依然还是看涨。所以，日内下方 ...