Group 1 - The international gold price experienced a significant adjustment after reaching new highs, with spot gold dropping by 5.31% to $4,124.36 per ounce, marking the largest single-day decline since April 2013 [1] - During the trading session, gold stocks ETFs and commodity gold ETFs opened significantly lower due to the market impact [1] Group 2 - Various gold stock ETFs reported substantial declines, with the largest drop being 7.62% for the ETF code 159315, which closed at 1.515 [2] - Other notable declines included a 6.70% drop for ETF code 517520 and a 6.31% drop for ETF code 159322, indicating a widespread negative trend across gold-related ETFs [2] - Analysts suggest that profit-taking by trend traders and market makers occurred after a strong upward movement, with technical indicators signaling that the recent price increase may not be sustainable, leading to potential price pullbacks [1][2]

Core Viewpoint - Stable demand for safe-haven assets and technical buying continue to drive gold prices higher, with commodity gold ETFs rising over 2% in early trading [1]. Group 1: Gold Price Movement - Gold ETFs experienced a broad increase of over 2% in early trading due to market influences [1]. - Specific gold ETF prices and their respective changes include: - Gold Fund ETF T+0: 9.451, up 0.255 (2.77%) [2] - Shanghai Gold ETF T+0: 9.878, up 0.263 (2.74%) [2] - Other notable ETFs also showed similar increases, with most around 2.6% to 2.7% [2]. Group 2: Market Influences - Analysts suggest that the ongoing U.S. government "shutdown" and political instability in France are contributing to increased safe-haven buying [2]. - The Federal Reserve's "Beige Book" indicates that U.S. economic activity has remained stable, with slight declines in consumer spending and rising prices, reinforcing expectations for at least two more rate cuts in the coming months [3].