金价持续创新高 国际机构仍看涨后市

Group 1 - The core viewpoint of the article highlights the significant rise in gold prices, with spot gold nearing historical highs and a strong performance in gold futures, driven by expectations of a shift in the Federal Reserve's monetary policy [1][2][3] - As of the end of August, gold has accumulated a 30% increase year-to-date, making it one of the standout assets among major asset classes [2] - The A-share gold sector saw a collective rise of 8.82% on September 1, leading all industry sectors in the A-share market [2] Group 2 - Analysts attribute the continuous rise in gold prices to the strengthening market expectations of a Federal Reserve interest rate cut, particularly following remarks from Fed Chairman Jerome Powell [2][3] - The dual factors of anticipated Fed rate cuts and inflation tolerance are identified as the main drivers for the increase in gold prices, as lower real interest rates reduce the opportunity cost of holding gold [2][3] - Following the release of inflation data, the market reinforced expectations for a September rate cut by the Federal Reserve, leading to a notable increase in international gold prices [3] Group 3 - Global central banks are continuing to increase their gold holdings, contributing significantly to the demand side of the gold price increase [3] - Predictions for future gold prices remain optimistic, with institutions like UBS raising their target for gold prices to $3,700 per ounce by mid-2026, and Bank of America forecasting prices to reach $4,000 per ounce in the same timeframe [3]