央行连续第8个月增持！金价将怎么走

Core Viewpoint - The article discusses the recent trends in gold prices and the outlook for the second half of 2025, highlighting the impact of U.S. monetary policy and global economic conditions on gold as an investment asset [3][4]. Gold Price Trends - In the first half of 2025, gold prices in London saw a significant increase of 25.84%, with the price reaching $2,657.195 per ounce on the first trading day of the year [2]. - Gold prices experienced fluctuations, peaking above $3,500 per ounce before stabilizing around $3,300 per ounce in recent times [2]. Future Outlook - Analysts suggest that the long-term logic for gold investment remains strong due to expectations of a U.S. Federal Reserve interest rate cut and ongoing global central bank purchases of gold, which support future price increases [3]. - The market is expected to see gold prices rise in the latter half of 2025, driven by factors such as U.S. tariff threats, expanding fiscal deficits, and a global trend of declining interest rates [3][4]. Short-Term Predictions - In the short term, particularly from July to August 2025, gold prices are anticipated to remain volatile due to internal disagreements within the Federal Reserve regarding future interest rate changes [4]. - However, a shift towards lower actual interest rates is expected by September, which could lead to a stronger gold price trend [4].