金银齐飙创新高！美联储降息+避险潮，这波贵金属狂潮能追吗？

Group 1 - Gold prices recently reached a historical high of $3749.27 per ounce, while silver approached $44 per ounce, marking a 14-year peak [1] - The surge in gold and silver prices is primarily driven by market expectations of interest rate cuts by the Federal Reserve, which has led to increased demand for these precious metals as a hedge against inflation [3] - The recent increase in gold prices has coincided with a rise in U.S. stock markets, indicating a complex investor sentiment where risk appetite and safety concerns coexist [3] Group 2 - Silver has gained traction as a substitute for gold due to its dual role as both a financial asset and an industrial metal, particularly in electronics and renewable energy [5] - The silver market is more volatile than gold, with a market size less than one-tenth that of gold, making it susceptible to significant price fluctuations with relatively small capital movements [5] - Analysts predict that the current trend in precious metals may extend to other commodities like copper and aluminum, driven by supply constraints and increasing demand from emerging industries [7] Group 3 - The tightening supply of copper and aluminum, exacerbated by China's production restrictions, is expected to create significant supply-demand gaps, with UBS forecasting a shortfall of 87,000 tons for copper next year [7] - The overall surge in precious metals prices reflects broader market dynamics, including public sentiment towards economic uncertainty and policy expectations [7][8]