黄金白银：10月14日金价破4100，美银看高2026年

Core Insights - Precious metals have dominated the commodity market this year, with gold prices reaching new highs, surpassing $3,000 per ounce in March, $4,000 earlier this month, and exceeding $4,100 on October 14 [1] - The surge in gold prices is supported by rising expectations of interest rate cuts by the Federal Reserve, amid uncertainties surrounding the U.S. government shutdown [1] - Global central banks are increasing their gold purchases, and there is a trend of individual investors shifting funds from U.S. Treasury securities to gold [1] Group 1 - The recent rise in gold prices reflects high market uncertainty and concerns over U.S. Treasury assets [1] - Bank of America has raised its gold and silver price forecasts, predicting gold to reach $5,000 per ounce and silver to $65 per ounce by 2026 [1] - Factors such as expanding fiscal deficits and rising debt levels are expected to drive gold prices higher next year [1] Group 2 - The silver market is anticipated to face structural supply shortages for five consecutive years, which may support higher silver prices [1] - Several banks have warned of overbought conditions in gold and silver, advising investors to remain cautious [1] - Analysts indicate that silver may face greater adjustment risks in the short term due to increased liquidity and slowing demand [1]