沪金期货本月吸金超百亿元 机构继续看好金价后市表现

Core Viewpoint - The precious metals market, particularly gold, has been experiencing significant price increases, reaching historical highs due to various factors including concerns over the independence of the Federal Reserve and rising expectations for interest rate cuts [1][2][5]. Price Trends - International gold prices have surged since late August, with London spot gold reaching a peak of $3674.48 per ounce and COMEX futures hitting $3715.2 per ounce on September 9 [2]. - As of September 11, the prices were reported at $3630.075 per ounce for London gold and $3666 per ounce for COMEX [2]. - In the domestic market, Shanghai gold futures also saw a notable rise, with the main contract peaking at 840.82 yuan per gram on September 10, marking a 5.82% increase for the month [2]. Market Sentiment and Investment Behavior - The increase in funds in Shanghai gold futures indicates a growing interest in gold trading, driven by external market changes [3]. - Investors are shifting their focus towards gold's monetary and anti-inflation properties, reflecting a long-term investment perspective despite current high prices [3][5]. Fundamental Support - The international gold market has shown a robust performance this year, with London gold prices rising over $1000 per ounce, a 38% increase since the beginning of the year [4]. - Factors contributing to this trend include heightened investor anxiety over international trade and inflation concerns, alongside expectations of a more accommodative monetary policy from the Federal Reserve [4][5]. Long-term Investment Outlook - The demand for gold's monetary and anti-inflation attributes is expected to continue driving its price in the long run [5]. - Despite potential price increases in the remaining months of the year, the growth rate may not match the earlier part of the year due to ongoing economic uncertainties [5]. Investment Recommendations - For futures investors, it is crucial to monitor U.S. macroeconomic indicators and market sentiment closely due to the fast-paced nature of the market [6]. - For those investing in physical gold, the long-term benefits in terms of inflation protection and asset diversification remain significant, although short-term price volatility may pose risks [7].