Core Viewpoint - The gold market remains active despite a recent price correction after surpassing $4000 per ounce, with increased consumer interest in gold jewelry and recycling services [1][19]. Group 1: Market Activity - After the National Day holiday, the Water Bay Gold Trading Center saw a significant influx of customers, particularly for gold jewelry exchanges and inquiries about prices [1][4]. - The "one-price" gold jewelry, especially for wedding items, has become particularly popular, with consumers appreciating the convenience and perceived value [7][9]. - The gold recycling business has also seen a notable increase, with many consumers opting to exchange old gold for new pieces [11][19]. Group 2: Price Trends - On October 9, the spot gold price closed at $3975.89 per ounce, reflecting a 1.58% decrease, while on October 10, it was reported at $3965.49 per ounce, with a daily decline of 0.26% [19]. - Following a peak of $4000, analysts from Bank of America warned of potential price consolidation or correction in the short term, although they maintain a bullish long-term outlook for gold [19][20]. Group 3: Consumer Behavior - Many consumers are hesitant to sell their gold despite rising prices, with some viewing gold as a long-term investment or family heirloom rather than a quick profit opportunity [15][17]. - The trend of "holding gold" is becoming more common, contrasting with previous behaviors where consumers rushed to sell during price increases [15][17]. Group 4: Institutional Insights - As of September 2025, China's official gold reserves reached 74.06 million ounces, marking a continuous increase for 11 months, which may signal positive trends for gold prices [19]. - Goldman Sachs has raised its gold price forecast for December 2026 from $4300 to $4900, anticipating continued net purchases by central banks in the coming years [20].