Core Viewpoint - International spot gold prices experienced a decline, trading at $3999.83 per ounce as of 15:39 on November 18, with a drop of over 1% during the day [1] Group 1 - As of November 18, international spot gold was reported at $3999.83 per ounce [1] - The gold price showed a daily decline of more than 1% [1]

Group 1: Market Overview - Global asset performance this week shows commodities leading with a 1.67% increase, followed by stocks at 0.41%, while bonds fell by 0.11% and REITs dropped by 1.04% [3] - European stock markets rebounded, with the STOXX index up 1.77% and the French CAC40 rising 2.77%, while the US stock market remained volatile [4] - Emerging markets saw mixed results, with Brazil's IBOVESPA index hitting a record high with a 2.39% increase, while China's A-shares faced a decline of 1.08% [4] Group 2: Commodity Insights - Energy and metal prices increased, with Brent crude oil rising 1.19% to $64.39 per barrel and gold prices up 2.07% to $4,084.06 per ounce [5][10] - The US commercial crude oil inventory rose significantly by 6.41 million barrels, indicating a low inventory level compared to the past five years [9] - OPEC and other agencies have raised their 2025 global oil supply forecasts, predicting an increase in production [8] Group 3: Economic and Policy Developments - The US government shutdown has ended, with a temporary funding bill signed to keep operations running until January 30, 2026, but the shutdown is expected to reduce Q4 GDP by 1.5% [6] - Federal Reserve officials expressed hawkish views, with market expectations for a rate cut in December dropping from 66.2% to 43.2% [6] - The recent increase in mortgage delinquencies and stock market volatility may support the case for a rate cut in December [7] Group 4: REITs and Real Estate - The global REITs index fell by 0.83%, with healthcare and office sectors showing better performance compared to retail and industrial sectors [11] - US REITs reported better-than-expected revenue and profit growth for Q3, particularly in the office sector [12] - The current low-interest-rate environment is favorable for REITs, which possess both equity and bond characteristics [12] Group 5: Hong Kong Market Analysis - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index down 0.92% and the technology index declining by 1.80% [13] - Despite the index performance, there was active trading with a single-day turnover of HKD 209.6 billion, indicating investor confidence [14] - High-dividend assets are favored, with the Hang Seng high-dividend index showing a yield of 6%, significantly higher than the 10-year government bond yield [14]

Group 1 - The article discusses the VPC indicator strategy, which is intended for reference and not as investment advice [1] - The strategy update was released on November 7, 2025, at 15:50 Beijing time [1] Group 2 - The article provides a bullish scenario for the price above 48.07 and a bearish scenario below this level [5] - Key resistance levels are identified at 48.73, 49.02, and 49.23, while support levels are at 48.40, 48.17, and 47.80 [5] Group 3 - The article includes information on the Euro/USD currency pair, with a current price of 1.15316, showing a slight decrease of 0.00001 (-0.00%) [9] - The article outlines a bearish scenario below 1.1533 and a bullish scenario above this level [9] - Key support levels are at 1.1521, 1.1509, and 1.1496, while resistance levels are at 1.15550 and 1.15525 [9] Group 4 - The article mentions a bullish scenario for the price above 0.6485 and a bearish scenario below this level [15] - Key support levels are at 0.6470, 0.6442, and 0.6370, while resistance levels are at 0.6496, 0.6512, and 0.6522 [15]

Core Viewpoint - International spot gold prices experienced an upward trend, approaching the $4000 per ounce mark, with a reported price of $3992.53 per ounce as of October 29, reflecting a daily increase of over 1% [1]. Group 1 - As of October 29, international spot gold was reported at $3992.53 per ounce [1]. - The price increase of over 1% indicates a positive market sentiment towards gold [1]. - The price is nearing the significant psychological level of $4000 per ounce [1].

Core Viewpoint - The international spot gold price has fallen below $4,000 per ounce, with a daily drop exceeding $100 and a decline of over 3.5% within October, marking a total decrease of over $400 since reaching a historical high [1] Group 1: Market Dynamics - The recent decline in gold prices is attributed to a combination of factors, including the previous excessive rise in prices and the release of short positions [1] - The acceleration of the gold price drop is primarily driven by developments in trade tariffs, particularly the cancellation of additional tariffs between the US and China, as well as preliminary trade agreements with other countries [1] - The Philippines has announced plans to sell gold due to excessive reserves, aiming to realize profits [1] - The largest gold ETF has reduced its holdings by 8 tons, contributing to bearish sentiment in the market [1] Group 2: Future Outlook - Despite the current downturn, there is a belief that the fundamentals supporting gold prices remain intact, potentially igniting a second wave of price increases [2] - The US national debt has surged from $36 trillion to over $38 trillion in just a few months, raising concerns about how this gap will be addressed, which is seen as a key factor supporting gold prices [2] - The ongoing trend of de-dollarization globally is expected to diminish trust in the US dollar, further enhancing gold's role as a safe haven [2] Group 3: Technical Analysis - The gold price has breached the middle line of the Bollinger Bands on the daily chart, indicating a temporary bearish trend, with a critical support level at $3,800 per ounce [4] - Short-term support is observed around the $3,900 range, with MACD indicators suggesting a low-level buying signal [4] - Recommendations for trading strategies include bullish positions at $3,900 with a stop loss of $15, and a conservative approach at $3,850 with a similar stop loss [4]

Core Viewpoint - International spot gold experienced a morning surge followed by a decline, breaking below the $3950 per ounce mark, closing at $3947.86 per ounce, reflecting a nearly 1% drop for the day [1] Group 1 - On October 28, international spot gold saw fluctuations, initially rising before retreating in the afternoon [1] - The price of gold fell below the $3950 per ounce threshold during trading [1] - As of 14:39, the gold price was reported at $3947.86 per ounce, indicating a day-to-day decrease of nearly 1% [1]

Core Viewpoint - International spot gold has been fluctuating around $4080 per ounce after reaching a historical high, remaining above the $4000 mark, indicating a lack of clear direction in the market [1] Market Analysis - There are no significant negative news impacting gold prices, with ongoing geopolitical tensions and uncertainty in the U.S. and Venezuela potentially supporting gold [1] - The market is cautious due to two major upcoming events: the release of the U.S. September CPI data and trade negotiations between Malaysia and another country [2] - The CPI data is expected to show a slight increase, but as long as it does not exceed 3.1%, it is unlikely to affect the Federal Reserve's decision on interest rate cuts [2] - The trade negotiations are anticipated to yield a preliminary agreement, which may limit negative impacts on gold prices [2] Technical Analysis - The Bollinger Bands on the 1-hour chart are narrowing, suggesting a potential change in trend is imminent, with the CPI data expected to guide the market direction [3] - Investors are advised to monitor the CPI data closely, as a significant deviation could lead to a downward adjustment in gold prices below $4000 [3] Trading Strategy - A bullish outlook is suggested above $4070, targeting $4160 and $4215, with a stop loss of $15 [5] - A bearish outlook is suggested below $4070, targeting $4010 and $3945, with a stop loss of $15 [5]

Group 1: Macroeconomic News - The price of 92-octane gasoline may return to the 6 yuan era, marking a four-year low, with a projected decrease of 320 yuan/ton, translating to a drop of 0.24 to 0.27 yuan per liter [2] - The current average price of 92-octane gasoline is 7.04 yuan/liter, expected to fall to a range of 6.77 to 6.80 yuan/liter after the adjustment [2] Group 2: Satellite and Space Technology - The first "Xiong'an-made" satellite, "Xiong'an No. 1," has completed production, marking a significant milestone in the intelligent manufacturing capabilities of the aerospace industry in Xiong'an New Area [2] - The satellite focuses on three key technological innovations: high-performance onboard computers, large flexible solar wings, and a new generation of Hall electric propulsion systems [2] Group 3: Pharmaceutical Industry - The first AI-assisted new drug MTS-004 has successfully completed Phase III clinical trials, becoming the first of its kind in China [3] - MTS-004 is designed for treating Pseudobulbar Affect (PBA) and addresses common swallowing difficulties with an orally disintegrating tablet formulation [3] Group 4: Technology and Innovation - Guangzhou has introduced a systematic action plan to accelerate the development of future industries, focusing on a dynamic development system that includes six core industries and multiple potential tracks [5] - The plan emphasizes continuous monitoring, technology sourcing, scenario-driven development, and collaborative governance to foster innovation [5] Group 5: Market Movements - The Hang Seng Technology Index fell by 2.12%, with major tech stocks experiencing declines, including NetEase down over 5% and Baidu and Alibaba down nearly 3% [5] - International spot gold prices saw a significant drop, with a one-day decline exceeding 6%, marking the largest drop in 12 years [5][6] Group 6: Corporate Developments - Cambrian Technology saw a surge of over 7%, with its market capitalization returning above 600 billion yuan, driven by positive sentiment in the computing chip sector [7] - Huawei announced the release of HarmonyOS 6, with over 23 million terminal devices now using HarmonyOS, highlighting significant user engagement and ecosystem development [8] - Yushun Technology received a patent for a robot joint control method based on motion capture technology, enhancing human-robot interaction capabilities [8] Group 7: Apple Inc. Developments - Apple's large foldable iPad project faces engineering challenges, potentially delaying its launch to 2029 or later due to issues with weight, functionality, and display technology [9]

Core Viewpoint - On October 21, geopolitical factors and profit-taking by investors led to a widespread sell-off in gold and silver markets, resulting in significant price drops for both metals [1]. Group 1: Market Performance - On the same day, international spot gold prices fell over 6%, dropping below $4,100 per ounce, marking the largest single-day decline in 12 years [1]. - International spot silver prices experienced a decline of over 8%, falling below $48 per ounce, which is the largest single-day drop since 2021 [1]. Group 2: Year-to-Date Performance - Since the beginning of the year, international spot gold prices have increased by over 50% [1]. - International spot silver prices have risen nearly 70% year-to-date [1]. Group 3: Market Sentiment and Future Outlook - Analysts suggest that previous geopolitical tensions drove investors to seek safe-haven assets in the precious metals market, but if market sentiment continues to improve, prices for these metals may face further corrections [1].

Core Viewpoint - On October 21, geopolitical factors and profit-taking by investors led to a widespread sell-off in gold and silver markets, resulting in significant price declines for both metals [1] Group 1: Market Performance - On the same day, international spot gold prices fell over 6%, dropping below $4,100 per ounce, marking the largest single-day decline in 12 years [1] - International spot silver prices experienced a decline of over 8%, falling below $48 per ounce, which is the largest single-day drop since 2021 [1] Group 2: Year-to-Date Price Changes - Since the beginning of the year, international spot gold prices have increased by more than 50% [1] - International spot silver prices have risen nearly 70% year-to-date [1] Group 3: Market Sentiment and Future Outlook - Analysts suggest that heightened geopolitical tensions previously drove investors to seek refuge in precious metals, but if market sentiment continues to stabilize, further price corrections in precious metals may occur [1]