现货黄金一度涨超3500美元创历史新高 分析称黄金处震荡上行趋势但需警惕风险

Core Viewpoint - The international gold market is currently experiencing strong performance, with gold prices reaching historical highs due to various supporting factors such as market demand for safe-haven assets and rising inflation risks [1][2]. Group 1: Gold Price Trends - As of April 22, COMEX gold futures were priced at $3460.9 per ounce, up 1.04% for the day, with a peak of $3509.9 per ounce [1]. - Spot gold prices reached $3452.140 per ounce, increasing by 0.83%, and also hit a historical high of $3500.120 per ounce [1]. - Domestic gold jewelry prices have surpassed 1050 RMB per gram, with specific brands like Chow Sang Sang and Chow Tai Fook pricing their gold products at 1080 RMB and 1082 RMB per gram, respectively [1]. Group 2: Factors Supporting Gold Prices - Continued market demand for safe-haven assets due to uncertainties in global trade and geopolitical risks, particularly related to the U.S. and regions like Ukraine and the Middle East [2]. - Rising inflation risks, exacerbated by unexpected tariffs and a hawkish stance from the Federal Reserve, which raises concerns about "stagflation" in the U.S. economy [2]. - Strong willingness among global central banks to increase gold reserves as a strategic asset allocation in response to U.S. debt imbalances and the impact of de-globalization on the safety of dollar assets [2]. - Ongoing credit risks associated with the U.S. dollar, driven by fluctuating tariff policies and weak economic data, leading to a systemic trust crisis in dollar assets and supporting gold prices [2]. - Increased inflow of speculative and allocation funds into the gold market, with notable growth in gold ETFs and futures, pushing prices higher [2]. Group 3: Potential Risks - A significant rebound in U.S. inflation due to the Trump administration's policies could limit the Federal Reserve's ability to lower interest rates, potentially putting pressure on gold prices [3].