黄金站上3800美元还能上车吗？

Core Viewpoint - Gold prices have surged significantly, with COMEX gold futures breaking the $3,800 mark for the first time on September 23, reaching a peak of $3,824.6 per ounce, marking a new historical high [1] Price Movement - International gold prices have entered a new trading range, with a cumulative increase of over 8.5% in September alone, expanding the year-to-date increase to 38%, which outpaces major global stock indices and bond yields [1] Market Sentiment - Foreign institutions are increasingly bullish on gold prices, raising their target price expectations, with some forecasts reaching as high as $5,000 [1] Influencing Factors - The recent rise in gold prices is primarily driven by the anticipated interest rate cuts from the Federal Reserve, concerns over stagflation risks in the U.S. economy, and worries regarding the independence of the Federal Reserve [1] Short-term Outlook - Given the heightened volatility in gold prices, it may be challenging for investors to navigate short-term market movements. Additionally, the upcoming long holiday in the domestic market may introduce further price volatility influenced by U.S. non-farm payroll data [1]