Core Viewpoint - The recent decline in London gold and silver prices is attributed to a continuation of the previous downward trend, influenced by a general easing of geopolitical tensions in the Russia-Ukraine conflict, leading to a recovery in market risk appetite [1] Price Movements - On October 28, London gold prices fell over 1%, dropping below $3930 per ounce, with a low of $3921.248 per ounce during the day [1] - As of 15:44, London gold was priced at $3929.17 per ounce, down more than 1.3%, while London silver was at $46.405 per ounce, down nearly 1% [1] - On the evening of October 27, London gold fell below the $4000 per ounce mark for the first time since October 10, reaching a low of $3971.068 per ounce [1] Market Analysis - According to Zhang Dapeng, Director of Nonferrous Research at Everbright Futures, the current decline in gold prices is a continuation of the previous downtrend [1] - The overall geopolitical situation regarding Russia and Ukraine has eased, contributing to a rise in market risk appetite [1] - It is expected that gold prices will continue to experience a weak and volatile trend in the near term as the market digests negative factors and profit-taking sentiments [1] - Investors are advised to remain cautious and consider low-cost entry points from an asset allocation perspective [1]