财经聚焦｜年内涨约50%！金价为何一路高歌？

Core Insights - International gold prices have surged over 51% this year, marking 2025 as potentially the year with the highest price increase since 1979 [1][3] - Domestic gold prices have also risen, with brands like Chow Tai Fook reporting prices around 1168 RMB per gram, an increase of 45 RMB since the end of September [1] - Multiple factors are driving the gold price increase, including geopolitical changes, global economic uncertainty, and actions by central banks [3] Price Trends - International gold prices rose from approximately 3300 USD per ounce to over 4000 USD, a gain exceeding 20% since late August [3] - As of October 9, gold prices on the Shanghai Gold Exchange reached 911.5 RMB per gram, while futures contracts closed at 914.3 RMB per gram, both up over 4.5% from September 30 [1][3] Market Dynamics - The current market is characterized by a shift towards investment-driven demand, with physical gold sales showing a clear divide between weak jewelry consumption and strong investment in gold bars [3] - The recent U.S. government shutdown has heightened concerns over the dollar's credibility and U.S. sovereign debt, further pushing up gold prices [3] Future Outlook - Experts suggest that while there is medium to long-term support for gold prices, the rapid short-term increases may exceed expectations [5] - Gold is viewed as a long-term asset allocation tool rather than a short-term speculative investment, emphasizing the need for investors to understand the risks associated with gold investments [5]