金价“狂飙”！还会再涨吗？

Core Viewpoint - The international gold price has surged significantly, reaching new historical highs, driven by various economic factors including the Federal Reserve's interest rate cuts and concerns over U.S. government debt sustainability [2][9]. Price Movements - As of October 1, spot gold prices rose to over $3,890 per ounce, with London gold reaching a peak of $3,895 per ounce, marking a new historical high [1]. - In September, the international gold price increased by 10.16%, the largest monthly gain since August 2011 [2]. - On October 1, the price of gold jewelry from major brands in China saw increases, with Chow Tai Fook and Chow Sang Sang raising prices by 6 yuan per gram, while Chow Sang Sang's gold jewelry was priced at 1,130 yuan per gram [3][4]. Market Demand - Despite rising gold prices, demand for gold jewelry remains strong, particularly ahead of the upcoming holiday season, with consumers purchasing gold for gifts and celebrations [4]. - The number of financial products linked to gold has increased, with approximately 50 such products available in the market as of September 29 [5]. Future Price Predictions - Analysts from BMO Capital Markets have raised their forecasts for gold prices, predicting an average price of $3,900 per ounce in the last quarter of 2025, an 8% increase from previous estimates, and $4,400 per ounce in 2026, a 26% increase [9]. - UBS has also expressed a bullish outlook on gold, forecasting prices to reach $4,200 per ounce by mid-2026, citing factors such as a weakening dollar and increased central bank purchases [9].