Huan Qiu Wang·2025-10-02 00:34Group 1 - International precious metals futures generally rose, with COMEX gold futures up 0.5% at $3892.6 per ounce, and intraday prices breaking above $3900 per ounce, setting a new record high [1] - Analysts attribute the rise in gold prices to ongoing risks of a U.S. government shutdown, increased market risk aversion, and strengthened expectations for Federal Reserve interest rate cuts, leading to continued inflows into the precious metals market [1][3] Group 2 - In September, international gold prices increased by nearly 11.8%, with a quarterly rise of approximately 16.8%, and a year-to-date increase of nearly 47% [3] - Goldman Sachs maintains a mid-2026 target price of $4000 per ounce for gold, suggesting a possibility for prices to exceed $4500 per ounce, and indicates that if 1% of individual U.S. Treasury bond holders shift their investments to gold, prices could approach $5000 per ounce [3] - UBS reports that factors such as a weakening dollar, central bank gold purchases, and increased ETF investments are favorable for gold prices as a hedge against inflation and geopolitical risks, predicting a rise to $4200 per ounce by mid-2026 [3] - Citigroup anticipates potential supply tightness in platinum group metals due to U.S. government policy impacts [3]