Core Viewpoint - International gold prices have been on an upward trend, reaching historical highs, driven by factors such as the Federal Reserve's interest rate cuts and geopolitical tensions [1][2][4]. Price Movements - As of September 22, the spot price of London gold reached a historical high of $3726.70 per ounce, marking an increase of nearly 8% from the opening price of $3447.50 per ounce on September 1 [1][2]. - Year-to-date, gold prices have risen by 40% [1]. Federal Reserve Impact - The Federal Reserve's decision to lower the federal funds rate by 25 basis points to a range of 4.00% to 4.25% has caused fluctuations in gold prices [2]. - Following the rate cut, gold prices initially fell but rebounded due to ongoing expectations of further rate cuts and rising geopolitical risks [2][3]. Market Sentiment - Analysts suggest that while some investors took profits after the rate cut, the overall sentiment remains bullish due to expectations of continued monetary easing and geopolitical uncertainties [3][4]. - Central banks are still in a net buying position for gold, indicating strong demand despite high prices [4]. Future Outlook - Short-term fluctuations in gold prices are expected as some investors may choose to take profits, but long-term trends remain positive due to ongoing monetary easing and geopolitical risks [4]. - UBS Wealth Management anticipates that gold will continue to be a strong asset for portfolio diversification and risk hedging, supported by a weaker dollar and strong central bank buying [4].
金价再度刷新历史高点 伦敦金现货触及3726.70美元/盎司
Cai Jing Wang·2025-09-23 03:09