百利好丨再创新高！黄金首破4130美元，白银刷新纪录

Core Viewpoint - The international precious metals market has reached a milestone with gold prices surpassing $4,130 per ounce and silver prices hitting $52.50 per ounce, driven by multiple favorable factors and significant market interest [1][4]. Group 1: Market Performance - Gold prices have increased nearly 60% this year, successfully breaking the psychological barrier of $4,000 per ounce [4]. - Silver prices have also seen remarkable performance, with a daily increase of 6.8%, closing at $50.13 per ounce, and surpassing the $52 mark in the spot market [10]. Group 2: Driving Factors - Global Risk Aversion: Geopolitical risks, including the ongoing U.S. government shutdown and trade tensions between the U.S. and China, have led to increased demand for gold as a safe-haven asset. The global debt has reached a historic high of $337.7 trillion, further enhancing gold's status as a reserve asset [6][7]. - Monetary Policy Expectations: The market anticipates a shift in U.S. Federal Reserve policy, with a 94.6% probability of rate cuts in October. This expectation has lowered the holding costs of gold, making it more attractive [8]. - Supply and Demand Dynamics: Central banks are projected to purchase 850 tons of gold in 2025, with China increasing its reserves to 2,300 tons. The active participation of institutional investors has created a positive feedback loop in the market [9]. Group 3: Silver Market Insights - Silver's price surge is attributed not only to safe-haven demand but also to structural growth in industrial applications such as electric vehicles and solar panels. This unique supply-demand dynamic supports silver prices [10].