Group 1 - The core viewpoint of the articles indicates that gold prices have risen significantly, with spot gold increasing by 1.86% to close at $3289.29 per ounce, and COMEX gold futures rising by 1.83% to $3292.60 per ounce on May 20 [1][2] - As of May 21, spot gold prices surpassed $3300 per ounce for the first time since May 9, reaching $3306.84 per ounce [1] - The rise in gold prices is primarily attributed to a weakening US dollar, uncertainties surrounding US tariff policies, and the ongoing situation regarding the Russia-Ukraine ceasefire [2][3] Group 2 - UBS forecasts that gold prices could reach $3500 per ounce by the end of this year, with potential to rise to $3800 per ounce in a risk-off scenario [4] - The key long-term drivers of gold prices are the US dollar and real interest rates, with UBS suggesting that the Federal Reserve will continue to lower policy rates to address economic growth risks, which is bullish for gold [5] - The current focus on gold is heavily influenced by monetary policy direction, with expectations of continued easing providing support for gold prices [6]
百利好丨金价短期承压，市场长期仍持看好态度
Sou Hu Cai Jing·2025-05-21 07:15