Core Viewpoint - International gold prices experienced a significant decline after reaching new highs, with various factors contributing to this pullback [5][6][7] Price Movements - As of October 21, the London gold price was reported at $4270.12 per ounce, down 1.96% from the previous day, with a daily high of $4375.49 and a low of $4244.085 [1][2] - COMEX gold futures also saw a decline, trading at $4287.9 per ounce, down 1.64%, with a high of $4393.6 and a low of $4257.7 [3][4] Reasons for the Pullback - A temporary decrease in risk aversion due to improved expectations regarding international trade and signals from the Trump administration about easing tariffs contributed to the decline in gold prices [5] - The recent significant rise in gold prices placed it in an overbought condition, leading some speculative investors to take profits, increasing short-term selling pressure [5] - The Federal Reserve's silence ahead of the interest rate decision limited supportive comments for gold buying, cooling market sentiment [5] - A rebound in the dollar and U.S. Treasury yields increased the holding costs of gold, attracting some funds back to fixed-income assets [5] Future Market Outlook - Short-term gold prices are expected to remain in a state of fluctuation and adjustment, while long-term factors such as strong central bank gold purchases and ongoing inflows into ETFs are likely to support continued price increases [6] - The long-term upward trend in gold prices remains intact, with potential pullbacks seen as buying opportunities, although investors should be cautious of market sentiment and geopolitical risks [7]

汇通财经APP讯——周二（10月14日），现货黄金自日内创下的历史新高（4179.47美元/盎司）大幅回 落，现于4125美元/盎司附近震荡，接近日内波动区间下轨。美国总统特朗普在关税问题上的立场转变 持续提振市场风险偏好，加之美元日内逢低买盘的出现，促使黄金在严重超买条件下出现获利了结。 然而美元多头似乎不愿大举建仓，因市场日益相信美联储今年将实施两次降息。此外，美国政府长期停 摆引发经济不确定性、贸易紧张局势再度升温以及俄乌冲突风险升级，这些因素可能持续为避险黄金提 供支撑，这预示着黄金空头需保持谨慎。 风险情绪回暖令黄金多头转向谨慎 由于美国民主党与共和党持续就10月1日开始的政府停摆相互指责，美国政府在重启问题上的僵局预计 将延续至第三周。参议院将于周二晚些时候复会，并再次对拨款计划进行表决，该计划此前已七次未能 达到所需的60票门槛。 美国总统特朗普上周五重燃贸易战火，威胁加征100%关税，持续为避险黄金提供支撑。但上周日特朗 普表态缓解了市场对贸易战的担忧，提振投资者信心，但未能阻挡黄金的强势行情。 市场目前已完全定价美联储10月降息25个基点的预期，并对12月再次降息的概率押注达90%。这种鸽派 ...