International gold prices are looking for direction in the midst of turbulence. US non-farm payrolls data weakened in September, which once led to a short-term surge in gold, but high yields on the US dollar and US bonds still constrained the rebound. Meanwhile, demand for gold allocations remains resilient. According to the latest data from the World Gold Council, the net capital inflow of global gold ETFs in the third quarter reached a record high. Furthermore, China's gold reserves also continued to increase. Analysts believe that short-term gold prices are still facing double pressure from interest rates and the US dollar, and the subsequent trend is subject to further guidance from inflation data and the Federal Reserve's policy; in the medium to long term, the central bank's demand for diversified allocation of funds and assets still forms support.

International gold prices are looking for direction in the midst of turbulence. US non-farm payrolls data weakened in September, which once led to a short-term surge in gold, but high yields on the US dollar and US bonds still constrained the rebound. Meanwhile, demand for gold allocations remains resilient. According to the latest data from the World Gold Council, the net capital inflow of global gold ETFs in the third quarter reached a record high. Furthermore, China's gold reserves also continued to increase. Analysts believe that short-term gold prices are still facing double pressure from interest rates and the US dollar, and the subsequent trend is subject to further guidance from inflation data and the Federal Reserve's policy; in the medium to long term, the central bank's demand for diversified allocation of funds and assets still forms support.