Can gold still be bought?Is the "gold that has risen to the sky" still a good allocation?
This year, gold has experienced a strong rally. In just seven months, the international gold price soared from $3,000 per ounce to $4,000 per ounce. On October 20th, COMEX gold hit a record high of $4,398 per ounce, then the next evening, it plummeted by 5.07%, the largest single-day decline since its listing; the downward trend continued, and by October 29th, it had fallen below the $4,000 per ounce mark, retracing nearly 10% within 8 trading days.
Market bearish sentiment has been increasing. According to CME Delta open interest data, approximately 52,000 put options contracts have been sold in the $4,000-$3,900 range.
There are also rumors that the Philippine central bank may be selling gold. Benjamin Diokno, a member of the Philippine Monetary Board and former central bank governor, recently stated that their gold holdings account for about 13%, which is higher than in other countries.
金色财经_·2025-11-11 11:38