见证历史！黄金，涨疯了！

Core Viewpoint - The international spot gold price has surpassed $4000 per ounce for the first time in history, driven by increased demand for gold as a safe-haven asset amid geopolitical tensions and economic uncertainties [1][3][6]. Group 1: Gold Price Trends - As of October 8, the international gold price reached a peak of $4020.9 per ounce, marking a year-to-date increase of 51.13% and a monthly rise of 11.39% [1]. - The gold price has experienced significant fluctuations throughout the year, rising from $2600 per ounce at the beginning of the year to over $4000 in October, with several key milestones along the way [4][6]. Group 2: Market Dynamics - The recent surge in gold prices is attributed to factors such as the ongoing U.S. government shutdown crisis, heightened expectations for multiple interest rate cuts by the Federal Reserve, and persistent geopolitical conflicts [3][6]. - Domestic gold jewelry brands in China have also seen record prices, with brands like Lao Miao and Chow Sang Sang reaching prices of 1176 RMB and 1165 RMB per gram, respectively [3]. Group 3: Investment Behavior - There has been a notable shift in the structure of gold buying, with individual investors and central banks becoming the primary buyers, rather than speculative trading [5][6]. - Gold ETFs have recorded significant inflows, indicating a strong interest from investors in adjusting their gold positions ahead of the holiday season [5]. Group 4: Central Bank Actions - The People's Bank of China has continued to increase its gold reserves, reaching 7406 million ounces by the end of September, marking the 11th consecutive month of increases [5][6]. - Analysts suggest that the ongoing accumulation of gold by central banks is a response to changing global political and economic conditions, with expectations that gold prices may remain elevated for an extended period [6][7]. Group 5: Future Projections - Goldman Sachs has raised its forecast for gold prices, predicting an average of 4900 USD per ounce by December 2026, driven by continued central bank purchases and geopolitical risks [7]. - UBS also anticipates gold prices to reach 4200 USD per ounce by the end of this year, supported by fundamental and momentum factors [7].