世界黄金协会：金价明年可能会在区间内波动，不排除继续有强劲的走势

Core Viewpoint - The World Gold Council reported that gold had a remarkable year in 2025, achieving over 50 historical highs and a return rate exceeding 60% due to geopolitical and economic uncertainties, a weakening dollar, and positive price momentum [1] Group 1: Market Performance - Gold's performance in 2025 was significantly supported by increased allocations from both investors and central banks seeking diversification and stability [1] - The price of gold is expected to reflect macroeconomic consensus expectations, with potential for continued volatility in 2026 [1] Group 2: Future Outlook - If economic growth slows and interest rates decline further, gold prices may experience moderate increases [1] - In a more severe economic downturn characterized by rising global risks, gold is likely to perform strongly [1] - Conversely, if policies from the Trump administration succeed in accelerating economic growth and reducing geopolitical risks, this could lead to rising interest rates and a stronger dollar, which would negatively impact gold prices [1] Group 3: Influencing Factors - Central bank demand and trends in gold recycling are additional factors that may influence the market [1] - The role of gold as a source of diversification and stability in a volatile market remains crucial [1]