巴克莱银行：黄金价格似乎没有被高估，黄金ETF持有量处于2022年以来最高

Core Viewpoint - Barclays Bank strategists indicated that gold prices do not appear overvalued relative to the US dollar and US Treasury bonds, suggesting that gold should include a certain premium related to the Federal Reserve's potential loss of independence [1] Group 1: Gold Price Trends - Gold prices have surged over 40% this year, driven by central bank demand and the Federal Reserve's return to interest rate cuts, reaching new highs [1] - Gold prices are expected to record increases for three consecutive quarters [1] Group 2: Market Expectations - Banks, including Goldman Sachs and Deutsche Bank, anticipate that the upward trend in gold prices will continue [1]