According to CoinMeta, there have been significant fluctuations in international gold prices recently. On October 23rd, during the Asian trading session, spot gold prices fell below $4,000 per ounce for the first time since July, and this week international gold prices have seen a cumulative decline of over 3%. Wang Jun, the chief expert at GreenDelta Futures, analyzed that three factors have led to the recent decline in international gold prices: firstly, high oil prices, with Brent crude oil breaking through $114 per barrel, which has exacerbated inflation globally and in the United States; secondly, the expectation of a Fed interest rate hike in December has further increased, leading to higher U.S. dollar and U.S. Treasury yields, thereby reducing the attractiveness of gold; and thirdly, global liquidity tightening and deleveraging. It is expected that international gold prices will continue to face pressure in late October and early November.