Gold Price Hits New High Again

On Tuesday local time, the International Monetary Fund (IMF) released its latest World Economic Outlook report, slightly downgrading the global economic growth forecast for 2025 to 3.2%. The report warns that escalating geopolitical rifts could lead to a more fragmented global trade pattern, affecting the long-term growth prospects of the global economy. It also suggests that inflation in some developed economies may decline more slowly than anticipated. A series of risk factors have kept market transactions vigilant, and the rebound in U.S. Treasury yields has also put pressure on the stock market. The three major U.S. stock indexes fluctuated on Tuesday, with only the Nasdaq closing slightly higher. By the close, the Dow Jones Industrial Average fell by 0.02%, the S&P 500 index fell by 0.05%, and the Nasdaq rose by 0.18%. Starbucks released its latest financial report on Tuesday, with main indicators such as revenue and profits for the quarter below expectations. The company also temporarily suspended the release of guidance for the next quarter's performance, and its stock price fell by about 7% in the after-hours trading session.

On the 22nd, international gold prices rose to a new historical closing high.

In terms of precious metals, the world economic growth faces multiple downside risks, and factors such as tensions in the Middle East have led investors to continue to buy gold as a safe haven. International gold prices continued their upward momentum on Tuesday, setting a new historical closing high. By the close, the December gold futures price on the New York Commodity Exchange was $2,759.8 per ounce, up 0.76%.

On the 22nd, the three major European stock indexes all closed lower.

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In Europe, after the IMF released the World Economic Outlook report on Tuesday, market risk aversion increased, and some funds flowed into the bond market. Utility and communication services stocks led the decline in many national stock markets, and the three major European stock indexes all closed lower on Tuesday. By the close, the UK stock market fell by 0.14%, the French stock market fell slightly by 0.02%, and the German stock market fell by 0.20%.

On the 22nd, international oil prices rose by more than 2%.

In terms of crude oil futures, Wall Street investment bank Goldman Sachs stated that China's industrial production and retail economic data are positive, and domestic crude oil demand has risen to a six-month high. The market expects that a series of new policies in China to promote economic growth will continue to stimulate crude oil demand. Coupled with ongoing tensions in the Middle East, international oil prices rose by more than 2% on Tuesday. By the close, the price of light crude oil futures for November delivery on the New York Commodity Exchange was $72.09 per barrel, up 2.17%; the price of Brent crude oil futures for December delivery was $76.04 per barrel, up 2.36%.