全球“货币贬值交易” 期金抢先突破4000美元大关！

Core Viewpoint - Gold prices are experiencing a significant surge, with COMEX gold surpassing $4,000 per ounce, indicating a "bullish frenzy" in the market [1] Group 1: Factors Influencing Gold Prices - The U.S. government shutdown has created substantial political uncertainty, leading to increased demand for safe-haven assets like gold. This is the first prolonged funding interruption since the last shutdown over six years ago, causing investors to increase their holdings in physical gold and ETFs to hedge against potential market volatility [4] - The U.S. dollar has been negatively impacted by the government shutdown, which has weakened investor confidence in U.S. fiscal stability. Consequently, gold has shown strength against major currencies, reaching new highs in euro, yen, and pound terms, reinforcing its global safe-haven status [4] - The Federal Reserve's policy shift has also contributed to rising gold prices. Following a two-year tightening cycle, the Fed announced a rate cut in September, with expectations for another cut in October exceeding 80%. Lower real interest rates reduce the opportunity cost of holding gold, driving more funds into the precious metal market [5] Group 2: Geopolitical and Market Dynamics - Geopolitical tensions, particularly in the Middle East and currency fluctuations in parts of Asia, alongside high global debt levels, have bolstered demand for gold as a "safe haven" for global capital. Central banks in emerging markets are increasingly shifting reserves from dollar assets to physical gold to diversify risk [6] - Silver has also performed well in this market environment, benefiting from its correlation with gold. Investors are paying renewed attention to silver's dual role as an industrial and store-of-value asset, with analysts suggesting potential for further gains as the gold-silver ratio approaches 70 [6]