According to the Wise Finance APP, the golden industrial concept fell in the afternoon, as of press time, Chinagoldintl (02099) fell by 6.19%, to HK$35.6; Lingbao Gold (03330) fell by 2.77%, to HK$3.51; SD Gold (01787) fell by 2.4%, to HK$15.28; Zijin Mining Group (02899) fell by 0.6%, to HK$16.54.

On the news front, the initial annualized quarterly real GDP of the USA in the third quarter recorded 2.8%, lower than the market's expected 3%. The core PCE price index recorded an initial annualized quarterly rate of 2.2%, higher than the expected 2.1%, but lower than the previous value of 2.8%. In addition, the USA added 0.233 million jobs in October, the largest increase since March 2024, well above the market's expected 0.114 million. Galaxy Futures pointed out that in the following two days, the USA will release more PCE and employment data. The performance of the USA data may still lead to fluctuations in the subsequent interest rate cut path, and with macro events such as the presidential election and the FOMC meeting next week, precious metals may continue to benefit from safe-haven and interest rate cut factors in the short term, but volatility may increase.

Guotai Junan Futures stated that multiple factors have led to the synchronous rise of precious metals with the USD exchange rates and U.S. bond yields, with London gold approaching $2790 per ounce during the Asian trading session on the 30th. Since mid-October, geopolitical risks and the Trump trading frenzy have led to simultaneous rises in the USD and gold, but historical experience shows that after Luenjin and the USD rise together, they may fall together, meaning that domestic gold prices may experience increased short-term volatility, so investors are reminded to pay attention to related risks.