Group 1 - The international gold price reached a record closing high, with December gold futures on the New York Commodity Exchange closing at $3,908.90 per ounce, an increase of 1.05% [1] - The gold price has seen a cumulative increase of 2.62% over the week, with three consecutive days of record intraday highs [1] - Domestic gold jewelry brands have also reported new highs in gold prices per gram, with notable prices such as 1,136 yuan for Chow Sang Sang, 1,129 yuan for Chow Tai Fook, and 1,131 yuan for Lao Feng Xiang [2][3] Group 2 - Analysts from BMO Capital Markets have significantly raised their price forecasts for gold and silver, citing geopolitical and economic turmoil as key drivers for unprecedented gold price increases [4] - The forecast for the average gold price in the last quarter of 2025 has been adjusted to $3,900 per ounce, an 8% increase from previous estimates, and for 2026, it is projected to reach $4,400 per ounce, a 26% increase [4] - UBS has also released a bullish outlook for the gold market, predicting that gold prices will rise to $4,200 per ounce by mid-2026, driven by a weaker dollar, central bank purchases, and increased ETF investments [4]

Group 1: Gold Price Surge - On October 1, spot gold prices rose sharply, surpassing $3,890 per ounce, with a peak of $3,895 per ounce, setting a new historical high [2][3] - COMEX gold also saw an increase, rising over 1% to $3,920.2 per ounce, with a daily high of $3,922.7 [4] - The increase in gold prices is attributed to rising demand for safe-haven assets amid concerns over a potential U.S. government shutdown and geopolitical tensions [4][5] Group 2: Domestic Gold Jewelry Prices - As of October 1, the price of gold jewelry in China reached 1,130 yuan per gram, an increase of 5 yuan from the previous day [6] - Major brands such as Chow Sang Sang, Luk Fook, and others have set their gold jewelry prices at around 1,129 yuan per gram, while Lao Feng Xiang and Lao Miao's prices are at 1,125 yuan per gram [8][10] - Despite rising gold prices, demand for gold jewelry remains strong, particularly during the holiday season, with consumers purchasing for gifts and celebrations [10][11] Group 3: Market Outlook and Predictions - Analysts from BMO Capital Markets have raised their forecasts for gold and silver prices, predicting an average gold price of $3,900 per ounce in Q4 2025, an 8% increase from previous estimates [11] - UBS has also expressed a bullish outlook for the gold market, forecasting prices to reach $4,200 per ounce by mid-2026, driven by factors such as a weaker dollar and increased central bank purchases [11]