Gold Prices Experience Significant Drop Amid Global Market Shifts

According to BlockBeats, Huatai Securities reported that on October 21, international gold prices experienced their largest single-day drop in 12 years, falling by 5.3%. This decline was primarily driven by a significant reduction in risk-averse sentiment due to multiple factors. Despite this short-term decrease, gold remains a suitable asset for risk aversion during the ongoing global restructuring period. The recent price drop is seen as an opportunity to increase holdings, and it is advised to refocus on gold once stability returns. On October 22, the stock prices of typical gold companies fell less than the gold price itself, indicating that the market's consensus on the long-term value of gold-related assets remains unchanged. Gold prices are still within a long-term upward trend, and many gold companies are expected to achieve both volume and price increases by 2026. The current valuation levels are gradually becoming attractive for increased allocation, and it is recommended to buy on dips, focusing on leading companies with growth potential and resource advantages.