Core Insights - International gold prices experienced significant volatility in October, initially reaching a new high above $4000 per ounce before a sharp decline on October 9, attributed to technical corrections and market reactions to U.S. economic data [1][6][10] Market Impact - The fluctuations in gold prices have led to a substantial decrease in investment gold bar sales, prompting gold retailers to adjust their business strategies [3][4] - Retail sales of gold jewelry have seen an increase in revenue due to rising prices, although the volume of sales has not increased, indicating a divergence in consumer behavior based on product type and weight [4][5] Price Movement Analysis - The drop in gold prices on October 9 was driven by multiple factors, including stronger-than-expected U.S. economic data, which dampened expectations for Federal Reserve rate cuts, and a technical correction following a significant price increase [7][8] - The market saw profit-taking and a reversal in sentiment, with the largest gold ETF holdings reaching a historical high, while futures market positions indicated a reduction in speculative long positions [8] Future Price Predictions - Short-term expectations suggest gold prices will seek a bottom, while medium-term projections indicate a potential rise to $4200 as rate cuts begin, with long-term forecasts suggesting a target of $5000 due to structural changes in the monetary system [9][10] Investment Recommendations - For short-term investors, gold ETFs are recommended due to their liquidity and low management fees, while medium-term holders should consider a combination of physical gold and futures [12][13] - Long-term investors are advised to focus on gold stocks and mining ETFs, which typically outperform gold prices during bullish cycles [13] Risk Management - Investors are cautioned to monitor risks associated with unexpected Federal Reserve policy changes, liquidity issues in gold futures, and currency fluctuations that could impact domestic gold prices [14][15]

Group 1 - The gold market experienced a narrow range of fluctuations, opening at 3337 and reaching a high of 3348 before closing at 3335, reflecting a weekly decline of 1.7% [3] - The daily chart indicates a downward C wave within a triangle convergence pattern, with MACD showing a bearish crossover and increasing bearish momentum [3] - Short-term resistance is noted at the 3375-3370 range, while support is identified at 3310-3315, with a critical support level at 3280 if broken [3] Group 2 - The domestic gold market is expected to show limited volatility, with anticipated prices for Shanghai gold around 785 and accumulated gold around 780 [3] - The analysis emphasizes the importance of a balanced approach to entry, exit, and risk control to achieve stable profits over time [4]