DLSM外汇：避险情绪笼罩市场，现货黄金价格创历史新高

Core Insights - International spot gold prices have recently surged, breaking historical records, primarily driven by expectations of Federal Reserve rate cuts, ongoing US-China trade tensions, and political uncertainties prompting safe-haven buying [1][2] - Silver and other precious metals have also experienced significant price fluctuations amid these market dynamics [1] Group 1: Market Dynamics - Spot gold prices have reached approximately $2,180 per ounce, with an intraday high of $2,185, marking a historical peak [1] - The recent decline in US Treasury yields has reduced the opportunity cost of holding non-yielding assets like gold [2] - Federal Reserve Chairman Jerome Powell's comments on economic assessments being impacted by government shutdowns and slowing job market growth have been interpreted as signals for potential monetary policy easing [2] Group 2: Trade Relations and Political Factors - Ongoing tensions in US-China trade relations continue to affect market sentiment, reinforcing gold's role as a traditional safe-haven asset [2] - The US government's "Section 232" investigation into critical minerals, including silver, platinum, and palladium, has entered its final stages, raising concerns about potential changes in trade policy [2] Group 3: Precious Metals Performance - Year-to-date, gold, silver, platinum, and palladium have all recorded substantial gains, driven by central bank purchases, increased ETF holdings, and expectations of rate cuts from major central banks [3]