Gold Prices Stabilize After Volatility; Further Decline Limited

International gold prices seek direction amid volatility. Weaker U.S. September nonfarm payrolls initially boosted gold to short-term highs, but elevated dollar strength and U.S. Treasury yields continue to constrain rebounds. Meanwhile, demand for gold as an investment asset remains resilient. According to the latest data from the World Gold Council, global gold ETFs recorded a record net inflow in the third quarter. Additionally, China's official gold reserves continue to increase. Analysts believe that short-term gold prices still face dual pressure from interest rates and the dollar, with future trends pending further guidance from inflation data and Federal Reserve policy; in the medium to long term, central bank purchases and demand for asset diversification remain supportive. (China Securities Journal)