黄金和白银突然双双爆发，金价时隔数月再次创新纪录

Group 1 - The core reason for the recent surge in gold and silver prices is the strengthened expectation of interest rate cuts by the Federal Reserve, which has led to increased demand for these non-yielding precious metals [3][5] - Gold prices have surpassed $3,500 per ounce for the first time in over four months, while silver has risen above $40 per ounce for the first time since 2011, driven by concerns over central bank policies and economic indicators suggesting a slowdown [1][3] - Central banks globally, particularly in countries like China, Poland, Turkey, and India, have been significantly increasing their gold reserves, reflecting a long-term strategy of "de-dollarization" and geopolitical risk hedging [7] Group 2 - The actual interest rates, which are the nominal rates minus inflation expectations, have been declining rapidly, enhancing the attractiveness of gold as a safe-haven asset [5] - Silver has outperformed gold this year, with a notable increase in holdings in silver-backed ETFs, driven by a weaker dollar and the dual nature of silver as both a precious and industrial metal [9] - The current bullish sentiment in the precious metals market suggests that if the Federal Reserve officially begins its rate-cutting cycle and central bank purchases of gold continue, both gold and silver could reach new highs [9]