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国际金价再创历史新高,大摩看多金价至3800美元
Sou Hu Cai Jing·2025-09-03 05:57

Core Viewpoint - The international gold prices have reached historic highs, driven by expectations of a Federal Reserve interest rate cut, with forecasts suggesting further increases in the coming months [1][3]. Group 1: Price Movements - COMEX gold futures closed above $3600, ending at $3599.5 per ounce, marking a 1.51% increase [1]. - London spot gold also surpassed the $3500 per ounce mark, both achieving record highs [1]. Group 2: Future Predictions - Several institutions predict that gold prices will continue to rise, with Deutsche Bank forecasting a price of $3600 per ounce by the end of next year, while Morgan Stanley has set an even higher target of $3800 per ounce [1]. - Analysts from BMO Capital Markets suggest that gold may reach new highs this week due to the recent breakthrough of technical resistance levels [1]. Group 3: Economic Context - Western Securities argues that as the dollar's safety is questioned, gold will increasingly replace the dollar as a safe asset, driven by the diminishing independence of Federal Reserve policies and the growing scale of U.S. debt [1]. - The trend of central banks purchasing gold instead of holding dollar reserves is expected to accelerate, providing strong demand for gold in the medium to long term [1]. Group 4: Long-term Support Factors - Industrial analysts from Xinyi Futures highlight that current economic growth is primarily supported by low-interest monetary policies and deficit spending rather than improvements in total factor productivity [3]. - The decline in the dollar's status and credibility, along with significant inflationary pressures in many economies, are seen as core reasons supporting the long-term rise of gold prices [3].