Group 1: Gold Market Overview - The current trading price of London gold is approximately $4378.12 per ounce, with a 1.07% increase, reaching a high of $4379.84 and a low of $4322.53 [1] - International gold prices have been consistently breaking historical records this year, surpassing the $4500 per ounce mark last Friday [1] - Goldman Sachs predicts that gold prices will rise to $4900 by the end of 2026, driven by geopolitical and fiscal uncertainties prompting private investors to diversify their portfolios [1] Group 2: Gold Mining and Exploration - In Victoria, Australia, the rising gold prices and social media influence have led to an influx of amateur prospectors in the "Golden Triangle" region, which spans 9600 square kilometers [2] - The Minelab Gold Monster 2000 metal detector has seen a surge in sales, with Lucky Strike Gold reporting increased revenue due to the rise in gold prices [2] - Codan, the world's largest manufacturer of handheld metal detection equipment, has experienced a doubling of its stock price this year, attributed to strong sales in both domestic and international markets [3] Group 3: Market Dynamics and Predictions - Recent market activity has shown significant volatility, with a notable drop exceeding 200 points in a single day, indicating a strong bearish trend [4] - The market is expected to see a rebound, with resistance levels identified at 4403, and a potential rebound range estimated between 4420 and 4373 [4] - The market is approaching the end of the month and year, which may lead to increased volatility, with key support around 4300 and resistance levels at 4375, 4403, and 4429 [4]

Group 1: Gold Rush in Australia - The rising gold prices have sparked a new gold rush in Australia, particularly in the "Golden Triangle" region of Victoria, which is known for its potential to yield natural gold nuggets [1][3] - Amateur prospectors are increasingly drawn to historical gold mining towns like Ballarat, where significant gold discoveries have been made in the past, including the largest gold nugget ever found, weighing 72 kilograms [3][5] Group 2: Equipment and Sales Growth - The Minelab Gold Monster 2000 metal detector, purchased by many new prospectors, has seen a surge in sales since its launch on October 20, selling out quickly due to heightened interest in gold [2] - Lucky Strike Gold, a gold prospecting supply store, reported significant sales growth attributed to the rising gold prices and the popularity of gold prospecting among international customers [2] Group 3: Market Trends and Predictions - International gold prices have reached record highs, surpassing $4,500 per ounce, with Goldman Sachs predicting prices could rise to $4,900 by the end of 2026 [5] - The demand for gold prospecting licenses in Victoria has hit an all-time high, with nearly 16,000 licenses issued by November this year, compared to about 11,000 for the entire previous year [5] Group 4: Psychological and Social Aspects - The process of gold prospecting provides psychological satisfaction and a sense of community among enthusiasts, beyond the allure of potential wealth [5][6] - Codan, the parent company of Minelab, has seen its stock price double this year, driven by strong sales of metal detectors in Australia and abroad, indicating a broader trend in the gold prospecting market [6]