Core Viewpoint - International gold prices declined due to uncertainties surrounding the Federal Reserve's interest rate decisions, with December gold futures closing at $3996.50 per ounce, a decrease of 0.48% [1] Group 1: Market Influences - The gold futures prices fell by a cumulative 3.41% this week, influenced by profit-taking by investors, easing concerns over international trade tensions, and a rebound in investor risk appetite [1]

Core Viewpoint - International gold prices experienced a significant drop of over 5% on October 21, marking the largest single-day decline in five years, primarily due to profit-taking by investors and easing concerns over international trade tensions [1] Market Analysis - On the day of the decline, the international spot gold price fell approximately 5.3% to $4,123.85 per ounce, with an intraday drop of 6.3%, the largest in over a decade [1] - Analysts attribute the drop to several factors, including profit-taking after a prolonged rise in gold prices, a recovery in investor risk appetite, and a stronger US dollar reducing the appeal of precious metals [1] - Bloomberg reported that concerns over the historical rise in precious metal prices led to significant sell-offs, marking one of the most severe sell-offs in years [1] Price Trends - Since late August, international gold prices surged from around $3,300 per ounce to over $4,000, driven by geopolitical changes, global economic uncertainty, Federal Reserve rate cuts, and increased gold purchases by central banks [1] - At the beginning of the week, international gold prices reached a record high of $4,381.21 per ounce, with a year-to-date increase of approximately 60% [1] - Analysts believe that the long-term driving factors behind the recent surge in gold prices remain intact, and they expect prices to recover in the coming months [1]

Market Performance - The market experienced a significant increase last week, with the China Securities Index rising by 4.81% to 1865.89 points [1] - The Shanghai Composite Index rose by 3.49%, the Shenzhen Component Index by 4.57%, the ChiNext Index by 5.85%, and the CSI 300 Index by 4.18% [1] Strong Stock Performances - Notable strong performers included ZTE Corporation, which increased by 32.21%, and Zhaoyi Innovation, which rose by 22.77% [1] - Other significant gainers included Shanghai Jahwa, Zhongji Xuchuang, and Stone Technology, with increases of 18.13%, 17.16%, and 16.09% respectively [1] Mid-Year Performance Highlights - Since the beginning of the second half of the year, Zhongji Xuchuang has surged by 91.21%, leading the gains, followed by Ecovacs with a 56.26% increase [2] - Other stocks that have risen over 40% include Daren Tang, Sunshine Power, and ZTE Corporation [2] Market Sentiment and Liquidity - The current market sentiment and liquidity factors are driving the stock market, with a strong likelihood of continued short-term performance [3] - The low interest rate environment and ample liquidity have led to increased risk appetite among investors, enhancing the market's upward momentum [2] Future Market Outlook - The market is expected to maintain its strong performance in the short term, with basic factors likely to gradually replace liquidity factors in driving market performance [3] - There are still opportunities in lower congestion sectors, which may attract funds as overheated sectors cool down [2]