突发！金价大涨

Core Viewpoint - Precious metals experienced a sudden surge in prices on August 7, driven by expectations of interest rate cuts from the Federal Reserve, weak U.S. non-farm data, and geopolitical risks, providing strong support for gold [1][5]. Price Movements - As of 15:38, NYMEX palladium rose by 1.73%, NYMEX platinum increased by 1.72%, spot silver expanded its gains to 1%, and spot gold rose approximately 0.8%, reaching $3,395 per ounce, while COMEX gold was reported at $3,466 per ounce, up 0.73% [3][5]. - The London gold price was reported at $3,395.67, reflecting a gain of 0.80% from the previous close [4]. Market Demand and Supply - The World Gold Council reported that global gold demand surged to $132 billion in Q2 2025, with total demand reaching 1,249 tons, a year-on-year increase of 3%. In value terms, this represented a significant 45% increase compared to the previous year, setting a new historical high [6]. - Gold supply also saw a slight increase, with mine production reaching a historical high in Q2, resulting in a total supply growth of 3% to 1,249 tons. Recycled gold supply grew by 4% year-on-year but remained relatively subdued in the context of high gold prices [6]. Market Sentiment - Citigroup, known for its bearish stance on gold, has shifted to a bullish outlook, raising its three-month gold price forecast from $3,300 per ounce to $3,500 per ounce, and adjusting the expected trading range from $3,100-$3,500 to $3,300-$3,600 [6]. - The strong investment activity in the first half of 2025 highlighted gold's role as a hedge against economic and geopolitical risks, with gold prices increasing by 26% over the same period, outperforming most mainstream asset classes [6].