Group 1 - The international gold price is fluctuating around $4150 per ounce, slightly below the one-week high reached on Wednesday, driven by rising expectations of a Federal Reserve rate cut in December, which enhances the appeal of non-yielding gold in a low-interest-rate environment [1] - The World Gold Council reported a net increase of 55.1 tons in global gold ETF holdings as of October 2025, with significant increases in North America (47.2 tons) and Asia (44.8 tons), while Europe saw a notable outflow of 37.3 tons [2] - Deutsche Bank has raised its gold price forecast for 2026 from $4000 to $4450 per ounce, citing stable investor flows and ongoing demand from central banks for gold [2] Group 2 - Goldman Sachs predicts that gold prices could reach $4900 per ounce by the end of 2026, driven by continued central bank purchases and potential diversification by private investors into gold [2] - Analysts suggest that diversification by the private sector into the gold market could push ETF holdings above interest rate-based estimates, indicating an overall upward risk [2] - The gold price has seen nearly a 60% increase this year, attributed to central bank purchases, increased ETF demand, a weaker dollar, and retail investor hedging against trade and geopolitical tensions [2] Group 3 - The international gold price continues to consolidate within the range of $4100 to $4190 per ounce, failing to break through the $4200 per ounce level [3] - If the gold price surpasses $4200 per ounce, the next resistance level will be the November 13 high of $4245 per ounce, with a potential target of $4300 per ounce and a chance to challenge the historical high of $4381 per ounce [3] - Conversely, if the gold price falls below $4100 per ounce, it may test the 20-day simple moving average at approximately $4065 per ounce, with further declines potentially reaching $4000 per ounce [3]
国际黄金冲关4200美元 高盛再上调金价预期
Jin Tou Wang·2025-11-27 03:11