Workflow
COMEX黄金价格上涨 地缘紧张加剧推高避险情绪
Jin Tou Wang·2025-05-21 06:59

Core Viewpoint - The recent rise in COMEX gold prices is attributed to increased market concerns over U.S. fiscal sustainability due to President Trump's proposed tax legislation, which could raise government debt by $3 to $5 trillion, enhancing gold's appeal as a safe-haven asset [1] Group 1: Market Dynamics - As of May 21, COMEX gold is trading at $3,321.00 per ounce, reflecting a 0.86% increase, with a daily opening at $3,293.00 and a high of $3,322.10 [2] - The weakening of the dollar's safe-haven status is prompting a reassessment of gold's role as a store of value, driven by fiscal deterioration, potential interest rate cuts, and escalating tensions in the Middle East [1] Group 2: Geopolitical Factors - Reports indicate that Israel is planning potential strikes against Iranian nuclear facilities, contributing to heightened geopolitical tensions and boosting safe-haven sentiment, which is favorable for gold prices [1] Group 3: Speculative Positioning - According to the latest data from the Commodity Futures Trading Commission (CFTC), non-commercial speculators' net long positions in gold increased to 251,300 contracts as of May 14, marking a nearly 7% week-over-week rise and the highest level in three months [1] - The continuous decline in short positions over the past three weeks indicates growing market confidence in further increases in gold prices [1]